Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Expands By 112.6%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 38,700 shares, an increase of 112.6% from the November 15th total of 18,200 shares. Based on an average trading volume of 89,400 shares, the short-interest ratio is presently 0.4 days.

Insider Activity

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen bought 4,370 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were acquired at an average price of $15.20 per share, with a total value of $66,424.00. Following the purchase, the insider now owns 123,370 shares in the company, valued at approximately $1,875,224. The trade was a 3.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 45.9% during the 1st quarter. Comerica Bank now owns 18,587 shares of the company’s stock worth $270,000 after acquiring an additional 5,846 shares in the last quarter. Kennedy Investment Group grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 1.3% during the 2nd quarter. Kennedy Investment Group now owns 1,206,637 shares of the company’s stock worth $17,279,000 after acquiring an additional 15,750 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in 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 grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 25.5% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 19,090 shares of the company’s stock worth $273,000 after acquiring an additional 3,882 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 4.3% during the 2nd quarter. D.A. Davidson & CO. now owns 492,088 shares of the company’s stock worth $7,047,000 after acquiring an additional 20,336 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund Stock Down 0.3 %

First Trust High Yield Opportunities 2027 Term Fund stock opened at $14.65 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $13.59 and a 12-month high of $15.13. The firm’s fifty day moving average price is $14.74 and its 200 day moving average price is $14.62.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 26th. Investors of record on Monday, December 2nd will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend is Monday, December 2nd.