First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Update

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHYGet Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 71,300 shares, a growth of 101.4% from the September 15th total of 35,400 shares. Based on an average trading volume of 95,600 shares, the short-interest ratio is currently 0.7 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Down 0.1 %

FTHY stock traded down $0.02 during midday trading on Friday, hitting $14.97. The company’s stock had a trading volume of 41,581 shares, compared to its average volume of 125,630. First Trust High Yield Opportunities 2027 Term Fund has a twelve month low of $12.66 and a twelve month high of $15.13. The company’s fifty day moving average price is $14.82 and its 200 day moving average price is $14.47.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.56 dividend on an annualized basis and a yield of 10.42%.

Insider Transactions at First Trust High Yield Opportunities 2027 Term Fund

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen purchased 4,370 shares of the company’s stock in a transaction on Monday, September 30th. The shares were purchased at an average cost of $15.20 per share, for a total transaction of $66,424.00. Following the completion of the transaction, the insider now owns 123,370 shares in the company, valued at $1,875,224. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider James A. Bowen bought 17,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $14.75 per share, with a total value of $250,750.00. Following the acquisition, the insider now owns 123,000 shares in the company, valued at approximately $1,814,250. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James A. Bowen purchased 4,370 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of $15.20 per share, for a total transaction of $66,424.00. Following the transaction, the insider now owns 123,370 shares in the company, valued at $1,875,224. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

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

A number of hedge funds have recently modified their holdings of FTHY. Kennedy Investment Group lifted its position in shares of 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 valued at $17,279,000 after buying an additional 15,750 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.1% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 969,002 shares of the company’s stock worth $14,089,000 after acquiring an additional 38,343 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in First Trust High Yield Opportunities 2027 Term Fund by 6.1% during the second 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. D.A. Davidson & CO. increased its stake 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 valued at $7,047,000 after purchasing an additional 20,336 shares in the last quarter. Finally, TFB Advisors LLC raised its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 3.8% in the first quarter. TFB Advisors LLC now owns 119,733 shares of the company’s stock worth $1,692,000 after purchasing an additional 4,420 shares during the last quarter.

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