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 growth in short interest in November. As of November 30th, there was short interest totalling 38,700 shares, a growth of 112.6% from the November 15th total of 18,200 shares. Based on an average daily trading volume, of 89,400 shares, the days-to-cover ratio is presently 0.4 days.

Insider Transactions at First Trust High Yield Opportunities 2027 Term Fund

In related news, insider James A. Bowen purchased 4,370 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction dated Monday, September 30th. The shares were acquired at an average price of $15.20 per share, with a total value of $66,424.00. Following the completion of the transaction, the insider now owns 123,370 shares of the company’s stock, valued at approximately $1,875,224. This trade represents a 3.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Hedge funds have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth $1,776,000. Stifel Financial Corp grew its position in First Trust High Yield Opportunities 2027 Term Fund by 190.2% in the 3rd quarter. Stifel Financial Corp now owns 349,156 shares of the company’s stock worth $5,279,000 after purchasing an additional 228,860 shares during the last quarter. Penserra Capital Management LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the 3rd quarter worth approximately $4,878,000. Kovack Advisors Inc. bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth $319,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 81,960 shares of the company’s stock valued at $1,239,000 after purchasing an additional 2,589 shares during the period.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of NYSE:FTHY traded down $0.02 during trading on Thursday, reaching $14.69. 102,055 shares of the company’s stock traded hands, compared to its average volume of 119,551. First Trust High Yield Opportunities 2027 Term Fund has a 12 month low of $13.55 and a 12 month high of $15.13. The company has a 50 day moving average of $14.76 and a 200-day moving average of $14.62.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 10.21%. The ex-dividend date of this dividend is Monday, December 2nd.