First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Stock Crosses Above 50-Day Moving Average – Time to Sell?

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $12.94 and traded as high as $13.02. First Trust High Yield Opportunities 2027 Term Fund shares last traded at $12.9530, with a volume of 55,245 shares changing hands.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.6%

The firm has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $13.46.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be paid a $0.1250 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Monday, November 2nd.

Insider Buying and Selling at First Trust High Yield Opportunities 2027 Term Fund

In related news, insider David Mcgarel bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the completion of the transaction, the insider owned 24,000 shares in the company, valued at $310,080. The trade was a 71.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William A. Housey, Jr. bought 5,241 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average cost of $12.95 per share, for a total transaction of $67,870.95. Following the transaction, the insider directly owned 16,841 shares in the company, valued at approximately $218,090.95. This trade represents a 45.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 22,741 shares of company stock valued at $293,746 in the last quarter.

Institutional Trading of 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. Focused Alpha LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the second quarter worth about $342,000. Punch & Associates Investment Management Inc. bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the second quarter worth $13,246,000. Almitas Capital LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the second quarter worth $2,724,000. Camelot Portfolios LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the second quarter worth about $324,000. Finally, Advisory Solutions Group LLC acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth approximately $191,000.