Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Rises By 114.4%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 17,958 shares, a growth of 114.4% from the December 31st total of 8,376 shares. Based on an average daily volume of 80,379 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 80,379 shares, the short-interest ratio is currently 0.2 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FTHY. CX Institutional purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth about $28,000. Colonial Trust Advisors grew its position in First Trust High Yield Opportunities 2027 Term Fund by 300.0% during the 3rd quarter. Colonial Trust Advisors now owns 3,000 shares of the company’s stock valued at $43,000 after purchasing an additional 2,250 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 466.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,073 shares of the company’s stock valued at $90,000 after buying an additional 5,000 shares during the last quarter. Camelot Portfolios LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter worth $98,000. Finally, Ameritas Advisory Services LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth about $110,000.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of NYSE:FTHY remained flat at $14.18 on Friday. The stock had a trading volume of 2,846 shares, compared to its average volume of 85,880. The business has a 50 day simple moving average of $14.08 and a 200-day simple moving average of $14.32. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $12.84 and a 52-week high of $14.98.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, February 2nd will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Monday, February 2nd.

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.