Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Rises By 38.4%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 24,563 shares, an increase of 38.4% from the November 30th total of 17,744 shares. Based on an average daily trading volume, of 162,248 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 162,248 shares, the days-to-cover ratio is currently 0.2 days.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

NYSE:FTHY traded down $0.01 during mid-day trading on Wednesday, reaching $14.10. 156,336 shares of the stock were exchanged, compared to its average volume of 102,869. The business has a fifty day moving average price of $14.09 and a 200 day moving average price of $14.39. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $12.84 and a 1-year high of $14.98.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, January 26th. Investors of record on Friday, January 2nd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a c) annualized dividend and a yield of 10.6%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 44,044 shares of the company’s stock worth $654,000 after acquiring an additional 1,225 shares in the last quarter. UBS Group AG lifted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 1.8% during the third quarter. UBS Group AG now owns 75,691 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,373 shares during the last quarter. Winebrenner Capital Management LLC boosted its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 0.5% in the 2nd quarter. Winebrenner Capital Management LLC now owns 341,141 shares of the company’s stock valued at $5,066,000 after purchasing an additional 1,611 shares during the period. CX Institutional purchased a new position in First Trust High Yield Opportunities 2027 Term Fund in the 3rd quarter worth about $28,000. Finally, Perigon Wealth Management LLC increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 14.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 15,965 shares of the company’s stock worth $237,000 after purchasing an additional 2,000 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) is a closed-end management investment company organized as a diversified term fund. Scheduled to terminate in 2027, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through a portfolio of fixed-income securities. It operates under the management of First Trust Advisors L.P., a subsidiary of First Trust, and utilizes professional research and risk-management processes to construct its holdings.

The fund primarily invests in U.S.