First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Sees Large Increase in Short Interest

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 114,613 shares, a growth of 79.8% from the June 15th total of 63,736 shares. Based on an average trading volume of 83,399 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FTHY. Sit Investment Associates Inc. grew its position in First Trust High Yield Opportunities 2027 Term Fund by 65.9% during the 4th quarter. Sit Investment Associates Inc. now owns 2,419,971 shares of the company’s stock worth $34,049,000 after acquiring an additional 961,702 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 48.6% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 827,076 shares of the company’s stock valued at $11,637,000 after purchasing an additional 270,334 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 20,169.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 217,488 shares of the company’s stock worth $3,060,000 after purchasing an additional 216,415 shares during the last quarter. Aurora Private Wealth Inc. purchased a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the fourth quarter worth $2,761,000. Finally, Noble Wealth Management PBC increased its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 477.0% in the fourth quarter. Noble Wealth Management PBC now owns 108,454 shares of the company’s stock worth $1,526,000 after buying an additional 89,659 shares during the period.

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

FTHY traded up $0.04 during trading on Friday, reaching $13.62. The stock had a trading volume of 205,019 shares, compared to its average volume of 99,275. The business has a 50-day moving average of $13.53 and a 200-day moving average of $13.72. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $13.20 and a one year high of $14.87.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 27th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Wednesday, July 1st.

First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) is a closed-end management investment company organized as a diversified term fund. Scheduled to terminate in 2027, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through a portfolio of fixed-income securities. It operates under the management of First Trust Advisors L.P., a subsidiary of First Trust, and utilizes professional research and risk-management processes to construct its holdings.

The fund primarily invests in U.S.