First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Update

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 47,200 shares, a drop of 33.8% from the September 30th total of 71,300 shares. Based on an average trading volume of 86,900 shares, the short-interest ratio is currently 0.5 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

FTHY stock traded up $0.06 on Friday, reaching $14.74. The company’s stock had a trading volume of 78,159 shares, compared to its average volume of 123,434. The business has a fifty day simple moving average of $14.86 and a two-hundred day simple moving average of $14.51. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $12.66 and a 12-month high of $15.13.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 1st will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date of this dividend is Friday, November 1st.

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

In other news, insider James A. Bowen bought 17,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $14.75 per share, for a total transaction of $250,750.00. Following the completion of the acquisition, the insider now owns 123,000 shares of the company’s stock, 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 filing with the SEC, which is available at this hyperlink. In other news, insider James A. Bowen bought 17,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $14.75 per share, for a total transaction of $250,750.00. Following the completion of the acquisition, the insider now owns 123,000 shares of the company’s stock, 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 filing with the SEC, which is available at this hyperlink. Also, insider James A. Bowen purchased 4,370 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average cost of $15.20 per share, with a total value of $66,424.00. Following the purchase, the insider now directly owns 123,370 shares of the company’s stock, valued at $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.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kennedy Investment Group lifted its position in First Trust High Yield Opportunities 2027 Term Fund by 1.3% during the second quarter. Kennedy Investment Group now owns 1,206,637 shares of the company’s stock valued at $17,279,000 after buying an additional 15,750 shares during the period. City of London Investment Management Co. Ltd. lifted its position in First Trust High Yield Opportunities 2027 Term Fund by 4.1% during the first quarter. City of London Investment Management Co. Ltd. now owns 969,002 shares of the company’s stock valued at $14,089,000 after buying an additional 38,343 shares during the period. Commonwealth Equity Services LLC lifted its position in First Trust High Yield Opportunities 2027 Term Fund by 6.1% during the second quarter. Commonwealth Equity Services LLC now owns 688,465 shares of the company’s stock valued at $9,859,000 after buying an additional 39,287 shares during the period. D.A. Davidson & CO. raised its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.3% in the 2nd quarter. D.A. Davidson & CO. now owns 492,088 shares of the company’s stock worth $7,047,000 after purchasing an additional 20,336 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 1,452.0% in the 3rd quarter. International Assets Investment Management LLC now owns 240,951 shares of the company’s stock worth $3,643,000 after purchasing an additional 225,426 shares during the last quarter.