First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Down 39.6% in August

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHYGet Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 86,375 shares, a decrease of 39.6% from the July 30th total of 143,040 shares. Based on an average trading volume of 98,656 shares, the days-to-cover ratio is presently 0.9 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.2%

Shares of NYSE FTHY traded up $0.03 during mid-day trading on Monday, reaching $13.40. The company had a trading volume of 2,483 shares, compared to its average volume of 96,867. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $13.20 and a one year high of $14.84. The business’s 50-day simple moving average is $13.54 and its 200 day simple moving average is $13.58.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Tuesday, September 1st.

Hedge Funds Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 23.4% during the 2nd quarter. Cetera Investment Advisers now owns 20,440 shares of the company’s stock worth $304,000 after acquiring an additional 3,880 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 purchasing an additional 5,000 shares during the last quarter. Raymond James Financial Inc. lifted 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 purchasing an additional 1,225 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 1.8% in the 3rd quarter. UBS Group AG now owns 75,691 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,373 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 3rd quarter valued at $240,000.

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.

Read More

Receive News & Ratings for First Trust High Yield Opportunities 2027 Term Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust High Yield Opportunities 2027 Term Fund and related companies with MarketBeat.com's FREE daily email newsletter.