First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Sees Large Drop in Short Interest

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 54,670 shares, a decrease of 22.2% from the February 12th total of 70,298 shares. Based on an average daily trading volume, of 84,019 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 84,019 shares, the days-to-cover ratio is presently 0.7 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the third quarter worth approximately $28,000. Colonial Trust Advisors boosted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 300.0% in the 3rd quarter. Colonial Trust Advisors now owns 3,000 shares of the company’s stock valued at $43,000 after buying an additional 2,250 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 466.0% in the 2nd 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 acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 4th quarter worth $98,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 4th quarter worth $117,000.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.0%

NYSE FTHY traded up $0.01 during trading on Friday, reaching $13.42. 287,024 shares of the company’s stock were exchanged, compared to its average volume of 98,956. The company has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $14.16. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Monday, March 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.