First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Shares Up 0.7% – Here’s What Happened

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY)’s share price shot up 0.7% during trading on Friday . The company traded as high as $14.52 and last traded at $14.51. 110,382 shares were traded during mid-day trading, a decline of 23% from the average session volume of 143,944 shares. The stock had previously closed at $14.40.

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

The stock has a 50 day moving average of $14.62 and a 200 day moving average of $14.70.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Thursday, January 2nd.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in First Trust High Yield Opportunities 2027 Term Fund by 30.5% in the third quarter. Allworth Financial LP now owns 4,714 shares of the company’s stock worth $71,000 after purchasing an additional 1,102 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth approximately $153,000. Kovack Advisors Inc. bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth approximately $319,000. Magnus Financial Group LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth approximately $387,000. Finally, Black Point Wealth Management increased its holdings in First Trust High Yield Opportunities 2027 Term Fund by 47.2% in the third quarter. Black Point Wealth Management now owns 57,039 shares of the company’s stock worth $862,000 after purchasing an additional 18,283 shares in the last quarter.