First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Stock Short Interest Rises 97.7%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 168,314 shares, an increase of 97.7% from the September 15th total of 85,134 shares. Based on an average daily volume of 124,915 shares, the short-interest ratio is presently 1.3 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Down 0.8%

Shares of FTHY traded down $0.10 during midday trading on Wednesday, reaching $12.64. 170,522 shares of the stock were exchanged, compared to its average volume of 102,121. First Trust High Yield Opportunities 2027 Term Fund has a twelve month low of $12.49 and a twelve month high of $14.42. The stock’s 50 day simple moving average is $13.14 and its 200 day simple moving average is $13.40.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 26th. Investors of record on Thursday, October 1st will be given a dividend of $0.1250 per share. This represents a $1.50 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Thursday, October 1st.

Insider Activity at First Trust High Yield Opportunities 2027 Term Fund

In other news, insider William A. Housey, Jr. acquired 2,500 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were purchased at an average cost of $12.87 per share, with a total value of $32,175.00. Following the acquisition, the insider directly owned 24,341 shares in the company, valued at $313,268.67. This represents a 11.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David Mcgarel acquired 10,000 shares of the stock in a transaction on Friday, September 25th. The shares were purchased at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the transaction, the insider directly owned 24,000 shares in the company, valued at approximately $310,080. This trade represents a 71.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 22,741 shares of company stock valued at $293,746.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of institutional investors have recently bought and sold shares of the business. Punch & Associates Investment Management Inc. bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth approximately $13,246,000. Almitas Capital LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter valued at $2,724,000. Private Advisory Group LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter valued at $1,892,000. Independent Financial Group LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter valued at $1,116,000. Finally, Royal Bank of Canada increased its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the 1st 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 during the last quarter.

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) is a closed-end management investment company advised by First Trust Advisors L.P. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in a diversified portfolio of high-yield, below-investment-grade debt securities.

FTHY may invest in corporate bonds, loans and other fixed-income instruments issued by companies in the United States and other countries. Because the fund focuses on higher-yielding securities, its portfolio may be subject to greater credit, interest-rate and market risks than funds investing primarily in investment-grade debt.

As a term fund, FTHY is structured to pursue its investment strategy for a limited period, with a targeted termination date in 2027, subject to the fund’s governing documents and any action taken by its board of trustees.

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