First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Update

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 16,300 shares, a decrease of 57.9% from the November 30th total of 38,700 shares. Based on an average daily trading volume, of 95,400 shares, the days-to-cover ratio is currently 0.2 days.

Insiders Place Their Bets

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen purchased 4,370 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction dated Monday, September 30th. The stock was acquired at an average cost of $15.20 per share, with a total value of $66,424.00. Following the acquisition, the insider now directly owns 123,370 shares of the company’s stock, valued at $1,875,224. This represents a 3.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTHY. Commonwealth Equity Services LLC boosted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 688,465 shares of the company’s stock worth $9,859,000 after acquiring an additional 39,287 shares in the last quarter. Consolidated Portfolio Review Corp raised its holdings in First Trust High Yield Opportunities 2027 Term Fund by 25.5% during the second quarter. Consolidated Portfolio Review Corp now owns 19,090 shares of the company’s stock worth $273,000 after purchasing an additional 3,882 shares during the last quarter. D.A. Davidson & CO. boosted its position in First Trust High Yield Opportunities 2027 Term Fund by 4.3% during the second quarter. D.A. Davidson & CO. now owns 492,088 shares of the company’s stock worth $7,047,000 after purchasing an additional 20,336 shares in the last quarter. Shaker Financial Services LLC grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 15.1% in the second quarter. Shaker Financial Services LLC now owns 53,169 shares of the company’s stock valued at $761,000 after purchasing an additional 6,958 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 32.1% in the second quarter. Wedbush Securities Inc. now owns 100,081 shares of the company’s stock valued at $1,433,000 after buying an additional 24,326 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

First Trust High Yield Opportunities 2027 Term Fund stock traded down $0.08 during midday trading on Friday, reaching $14.53. The company’s stock had a trading volume of 210,747 shares, compared to its average volume of 120,242. First Trust High Yield Opportunities 2027 Term Fund has a fifty-two week low of $13.59 and a fifty-two week high of $15.13. The stock’s 50 day simple moving average is $14.69 and its 200 day simple moving average is $14.66.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 10.32%. The ex-dividend date is Thursday, January 2nd.