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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 178,457 shares, a growth of 92.2% from the May 14th total of 92,837 shares. Based on an average daily volume of 76,745 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in First Trust High Yield Opportunities 2027 Term Fund by 4.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,725 shares of the company’s stock worth $253,000 after buying an additional 750 shares during the period. TrueMark Investments LLC raised its stake in First Trust High Yield Opportunities 2027 Term Fund by 2.5% during the 4th quarter. TrueMark Investments LLC now owns 32,206 shares of the company’s stock worth $453,000 after buying an additional 792 shares during the period. Signature Equity Partners LLC raised its stake in First Trust High Yield Opportunities 2027 Term Fund by 2.7% during the 1st quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock worth $420,000 after buying an additional 823 shares during the period. Raymond James Financial Inc. raised its stake in 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 buying an additional 1,225 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in First Trust High Yield Opportunities 2027 Term Fund by 7.1% during the 4th quarter. CreativeOne Wealth LLC now owns 19,600 shares of the company’s stock worth $276,000 after buying an additional 1,300 shares during the period.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.1%

Shares of NYSE:FTHY traded up $0.01 during midday trading on Monday, hitting $13.45. The company had a trading volume of 47,668 shares, compared to its average volume of 101,750. First Trust High Yield Opportunities 2027 Term Fund has a 12 month low of $13.20 and a 12 month high of $14.98. The firm has a fifty day simple moving average of $13.53 and a 200 day simple moving average of $13.79.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 1st will be paid a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Monday, June 1st.

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.