First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Up 92.2% in May

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHYGet Free Report) saw a significant growth in short interest in 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 trading volume of 76,745 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 4.2% in the first quarter. Janney Montgomery Scott LLC now owns 18,725 shares of the company’s stock valued at $253,000 after acquiring an additional 750 shares during the period. TrueMark Investments LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.5% in the fourth quarter. TrueMark Investments LLC now owns 32,206 shares of the company’s stock valued at $453,000 after buying an additional 792 shares in the last quarter. Signature Equity Partners LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.7% in the first quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after buying an additional 823 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.9% in the second quarter. Raymond James Financial Inc. now owns 44,044 shares of the company’s stock valued at $654,000 after buying an additional 1,225 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 7.1% in the fourth quarter. CreativeOne Wealth LLC now owns 19,600 shares of the company’s stock valued at $276,000 after buying an additional 1,300 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 0.4%

NYSE:FTHY traded up $0.05 during trading hours on Friday, reaching $13.43. The company had a trading volume of 56,013 shares, compared to its average volume of 102,233. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $13.20 and a 1-year high of $14.98. The business’s 50 day moving average price is $13.53 and its 200-day moving average price is $13.80.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 1st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 11.2%.

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.

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