First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Sees Large Increase in Short Interest

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 90,400 shares, a growth of 451.2% from the February 13th total of 16,400 shares. Based on an average daily volume of 118,100 shares, the days-to-cover ratio is currently 0.8 days.

Insider Buying and Selling at First Trust High Yield Opportunities 2027 Term Fund

In other news, insider James A. Bowen bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $14.46 per share, for a total transaction of $433,800.00. Following the completion of the acquisition, the insider now directly owns 169,500 shares in the company, valued at approximately $2,450,970. This represents a 21.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oder Investment Management LLC grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 1.4% in the 4th quarter. Oder Investment Management LLC now owns 149,923 shares of the company’s stock valued at $2,171,000 after purchasing an additional 2,133 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 81,960 shares of the company’s stock worth $1,239,000 after purchasing an additional 2,589 shares in the last quarter. Invesco Ltd. boosted its stake in First Trust High Yield Opportunities 2027 Term Fund by 20.5% in the fourth quarter. Invesco Ltd. now owns 28,725 shares of the company’s stock worth $416,000 after buying an additional 4,889 shares in the last quarter. Black Point Wealth Management raised its position in First Trust High Yield Opportunities 2027 Term Fund by 9.9% in the 4th quarter. Black Point Wealth Management now owns 62,707 shares of the company’s stock worth $908,000 after purchasing an additional 5,668 shares during the period. Finally, BlueChip Wealth Advisors LLC boosted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 12.1% during the 4th quarter. BlueChip Wealth Advisors LLC now owns 54,903 shares of the company’s stock valued at $795,000 after acquiring an additional 5,931 shares during the period.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 0.5 %

NYSE FTHY traded up $0.07 during trading hours on Friday, hitting $14.38. 15,591 shares of the company’s stock were exchanged, compared to its average volume of 105,908. The stock has a 50-day simple moving average of $14.56 and a 200 day simple moving average of $14.69. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $13.80 and a 1-year high of $15.13.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd will be paid a $0.125 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.50 annualized dividend and a dividend yield of 10.43%.