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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 71,300 shares, an increase of 101.4% from the September 15th total of 35,400 shares. Based on an average daily trading volume, of 95,600 shares, the short-interest ratio is currently 0.7 days.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of NYSE:FTHY traded down $0.02 during midday trading on Friday, hitting $14.97. The stock had a trading volume of 41,581 shares, compared to its average volume of 125,630. First Trust High Yield Opportunities 2027 Term Fund has a 12 month low of $12.66 and a 12 month high of $15.13. The business’s 50-day simple moving average is $14.82 and its 200-day simple moving average is $14.47.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.42%. The ex-dividend date is Tuesday, October 1st.

Insider Activity at First Trust High Yield Opportunities 2027 Term Fund

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen acquired 17,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $14.75 per share, for a total transaction of $250,750.00. Following the acquisition, the insider now directly owns 123,000 shares of the company’s stock, valued at approximately $1,814,250. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider James A. Bowen bought 17,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $14.75 per share, for a total transaction of $250,750.00. Following the acquisition, the insider now owns 123,000 shares in the company, valued at approximately $1,814,250. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James A. Bowen purchased 4,370 shares of the company’s stock in a transaction on Monday, September 30th. The stock was purchased at an average cost of $15.20 per share, for a total transaction of $66,424.00. Following the purchase, the insider now directly owns 123,370 shares in the company, valued at approximately $1,875,224. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

A number of institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth $1,201,000. Thoroughbred Financial Services LLC grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 3.0% during the second quarter. Thoroughbred Financial Services LLC now owns 51,500 shares of the company’s stock worth $737,000 after buying an additional 1,500 shares in the last quarter. CoreCap Advisors LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the second quarter valued at approximately $659,000. Wedbush Securities Inc. lifted its stake in First Trust High Yield Opportunities 2027 Term Fund by 32.1% during the second quarter. Wedbush Securities Inc. now owns 100,081 shares of the company’s stock worth $1,433,000 after purchasing an additional 24,326 shares during the last quarter. Finally, Shaker Financial Services LLC increased its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 15.1% in the 2nd quarter. Shaker Financial Services LLC now owns 53,169 shares of the company’s stock valued at $761,000 after purchasing an additional 6,958 shares during the last quarter.