First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Sees Large Increase in Short Interest

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHYGet Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 143,040 shares, a growth of 129.0% from the July 15th total of 62,459 shares. Based on an average trading volume of 90,651 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in First Trust High Yield Opportunities 2027 Term Fund by 23.4% in the 2nd quarter. Cetera Investment Advisers now owns 20,440 shares of the company’s stock valued at $304,000 after buying an additional 3,880 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust High Yield Opportunities 2027 Term Fund by 466.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,073 shares of the company’s stock worth $90,000 after buying an additional 5,000 shares during the period. Raymond James Financial Inc. boosted its stake in First Trust High Yield Opportunities 2027 Term Fund by 2.9% during the second quarter. Raymond James Financial Inc. now owns 44,044 shares of the company’s stock worth $654,000 after buying an additional 1,225 shares during the period. UBS Group AG increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 1.8% during the third quarter. UBS Group AG now owns 75,691 shares of the company’s stock valued at $1,097,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the third quarter valued at about $240,000.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

FTHY stock traded down $0.01 during midday trading on Friday, hitting $13.48. 85,726 shares of the company’s stock were exchanged, compared to its average volume of 97,676. The business has a 50-day simple moving average of $13.55 and a two-hundred day simple moving average of $13.64. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $13.20 and a 1-year high of $14.84.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

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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