First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Shares Will Pay Monthly Dividend of $0.12

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Tuesday, October 20th. Investors of record on Monday, November 2nd will be given a dividend of $0.1250 per share on Wednesday, November 25th. This represents a $1.50 annualized dividend and a yield of 11.7%. The ex-dividend date is Monday, November 2nd.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

NYSE FTHY traded up $0.10 on Wednesday, hitting $12.80. 11,363 shares of the stock traded hands, compared to its average volume of 101,571. The business’s fifty day moving average is $13.07 and its two-hundred day moving average is $13.38. First Trust High Yield Opportunities 2027 Term Fund has a 12 month low of $12.49 and a 12 month high of $14.42.

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

In other news, insider David Mcgarel purchased 10,000 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were purchased at an average price of $12.92 per share, with a total value of $129,200.00. Following the transaction, the insider directly owned 24,000 shares of the company’s stock, valued at approximately $310,080. This represents a 71.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider A Jr purchased 2,500 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were purchased at an average price of $12.87 per share, with a total value of $32,175.00. Following the purchase, the insider directly owned 24,341 shares in the company, valued at $313,268.67. This trade represents a 11.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 22,741 shares of company stock worth $293,746.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Several institutional investors have recently added to or reduced their stakes in FTHY. Punch & Associates Investment Management Inc. bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter valued at $13,246,000. Royal Bank of Canada grew its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the first quarter. Royal Bank of Canada now owns 707,693 shares of the company’s stock valued at $9,576,000 after purchasing an additional 27,126 shares in the last quarter. Almitas Capital LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter valued at $2,724,000. Kestra Advisory Services LLC raised its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 12.3% during the 1st quarter. Kestra Advisory Services LLC now owns 139,739 shares of the company’s stock valued at $1,891,000 after purchasing an additional 15,273 shares during the period. Finally, Private Advisory Group LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter valued at $1,892,000.

First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) is a closed-end management investment company designed to provide investors with current income and, to a lesser extent, capital appreciation. The fund invests primarily in high-yield, below-investment-grade debt securities issued by corporate and other borrowers.

FTHY may invest in a diversified portfolio of fixed-income securities, including bonds and other debt instruments issued by U.S. and non-U.S. companies. Because these securities generally carry higher credit risk than investment-grade bonds, the fund’s portfolio is subject to credit, interest-rate and market risks.

The fund is managed by First Trust Advisors L.P., an investment adviser affiliated with First Trust, an asset-management firm offering exchange-traded funds, mutual funds, separately managed accounts and other investment products.