Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Grows By 193.4%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 17,900 shares, an increase of 193.4% from the June 15th total of 6,100 shares. Based on an average daily trading volume, of 115,500 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling

In related news, insider James A. Bowen purchased 20,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $14.07 per share, with a total value of $281,400.00. Following the purchase, the insider now directly owns 106,000 shares in the company, valued at approximately $1,491,420. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other First Trust High Yield Opportunities 2027 Term Fund news, insider David Mcgarel bought 14,000 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction on Tuesday, June 18th. The shares were purchased at an average cost of $14.01 per share, for a total transaction of $196,140.00. Following the completion of the acquisition, the insider now owns 14,000 shares in the company, valued at approximately $196,140. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James A. Bowen purchased 20,000 shares of the stock in a transaction on Friday, April 12th. The stock was acquired at an average price of $14.07 per share, with a total value of $281,400.00. Following the completion of the acquisition, the insider now directly owns 106,000 shares of the company’s stock, valued at $1,491,420. The disclosure for this purchase can be found here.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Register Financial Advisors LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth $95,000. Whittier Trust Co. bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter valued at about $109,000. Future Financial Wealth Managment LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter valued at about $172,000. Nomura Holdings Inc. acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter valued at about $178,000. Finally, Consolidated Portfolio Review Corp bought a new position in First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth about $221,000.

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

Shares of NYSE:FTHY traded up $0.11 during midday trading on Thursday, reaching $14.55. 68,564 shares of the company were exchanged, compared to its average volume of 140,605. The stock’s fifty day moving average price is $14.21. First Trust High Yield Opportunities 2027 Term Fund has a fifty-two week low of $12.66 and a fifty-two week high of $14.74.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 1st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, July 1st. This represents a $1.56 annualized dividend and a dividend yield of 10.72%.