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) saw a significant increase in short interest in 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 daily trading volume, of 89,400 shares, the short-interest ratio is presently 0.4 days.

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

Shares of FTHY opened at $14.65 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $13.59 and a one year high of $15.13. The company’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 Dividend Announcement

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

Insider Buying and Selling at First Trust High Yield Opportunities 2027 Term Fund

In other news, insider James A. Bowen acquired 4,370 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction dated Monday, September 30th. The stock was acquired at an average cost of $15.20 per share, for a total transaction of $66,424.00. Following the completion of the purchase, the insider now owns 123,370 shares of the company’s stock, valued at $1,875,224. This represents a 3.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Several hedge funds have recently added to or reduced their stakes in FTHY. Penserra Capital Management LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 3rd quarter worth $4,878,000. Stifel Financial Corp lifted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 190.2% in the third quarter. Stifel Financial Corp now owns 349,156 shares of the company’s stock valued at $5,279,000 after buying an additional 228,860 shares during the period. International Assets Investment Management LLC grew its position in First Trust High Yield Opportunities 2027 Term Fund by 1,452.0% during the third quarter. International Assets Investment Management LLC now owns 240,951 shares of the company’s stock worth $3,643,000 after buying an additional 225,426 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund during the third quarter valued at about $1,776,000. Finally, Sanctuary Advisors LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund during the second quarter valued at about $1,201,000.