Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Rises By 193.4%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 17,900 shares, an increase of 193.4% from the June 15th total of 6,100 shares. Based on an average daily trading volume, of 115,500 shares, the days-to-cover ratio is currently 0.2 days.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 0.7 %

FTHY stock traded up $0.10 during trading on Friday, hitting $14.65. The stock had a trading volume of 81,201 shares, compared to its average volume of 140,158. First Trust High Yield Opportunities 2027 Term Fund has a twelve month low of $12.66 and a twelve month high of $14.74. The business’s 50-day moving average price is $14.21.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date is Monday, July 1st.

Insider Activity

In other news, insider David Mcgarel bought 14,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average cost of $14.01 per share, with a total value of $196,140.00. Following the acquisition, the insider now directly owns 14,000 shares in the company, valued at $196,140. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC acquired a new position in First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth $95,000. Whittier Trust Co. acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the 1st quarter valued at about $109,000. Future Financial Wealth Managment LLC purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter valued at about $172,000. Nomura Holdings Inc. acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the fourth quarter worth about $178,000. Finally, Consolidated Portfolio Review Corp purchased a new position in First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth about $221,000.