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 increase in short interest during the month of September. As of September 30th, there was short interest totaling 168,314 shares, an increase of 97.7% from the September 15th total of 85,134 shares. Based on an average daily trading volume, of 124,915 shares, the short-interest ratio is currently 1.3 days.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 1.0%

FTHY traded up $0.12 on Thursday, hitting $12.77. 104,467 shares of the stock were exchanged, compared to its average volume of 102,134. First Trust High Yield Opportunities 2027 Term Fund has a 12 month low of $12.49 and a 12 month high of $14.42. The business has a 50-day moving average of $13.11 and a two-hundred day moving average of $13.39.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.1250 per share. This represents a $1.50 annualized dividend and a yield of 11.7%. The ex-dividend date is Thursday, October 1st.

Insider Buying and Selling

In other news, insider A Jr bought 5,241 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average price of $12.95 per share, for a total transaction of $67,870.95. Following the completion of the purchase, the insider owned 16,841 shares in the company, valued at approximately $218,090.95. This trade represents a 45.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Mcgarel purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the completion of the purchase, the insider directly owned 24,000 shares of the company’s stock, valued at $310,080. This represents a 71.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 22,741 shares of company stock worth $293,746.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Hedge funds have recently added to or reduced their stakes in the stock. Bullseye Investment Management LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the second quarter valued at about $188,000. Advisory Solutions Group LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth approximately $191,000. Camelot Portfolios LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth approximately $324,000. Almitas Capital LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth approximately $2,724,000. Finally, Punch & Associates Investment Management Inc. bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth approximately $13,246,000.

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) is a closed-end management investment company advised by First Trust Advisors L.P. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in a diversified portfolio of high-yield, below-investment-grade debt securities.

FTHY may invest in corporate bonds, loans and other fixed-income instruments issued by companies in the United States and other countries. Because the fund focuses on higher-yielding securities, its portfolio may be subject to greater credit, interest-rate and market risks than funds investing primarily in investment-grade debt.

As a term fund, FTHY is structured to pursue its investment strategy for a limited period, with a targeted termination date in 2027, subject to the fund’s governing documents and any action taken by its board of trustees.