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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 143,040 shares, a growth of 129.0% from the July 15th total of 62,459 shares. Based on an average daily volume of 90,651 shares, the days-to-cover ratio is presently 1.6 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of NYSE FTHY traded down $0.01 during trading hours on Friday, reaching $13.48. 85,726 shares of the stock traded hands, compared to its average volume of 97,676. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $13.20 and a 52-week high of $14.84. The company’s 50-day simple moving average is $13.55 and its two-hundred day simple moving average is $13.64.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Monday, August 3rd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FTHY. Sit Investment Associates Inc. lifted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 65.9% in 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. Kennedy Investment Group grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 1.0% during the 4th quarter. Kennedy Investment Group now owns 1,179,585 shares of the company’s stock valued at $16,597,000 after purchasing an additional 11,500 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 7.2% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 886,745 shares of the company’s stock valued at $11,998,000 after purchasing an additional 59,669 shares during the last quarter. Royal Bank of Canada raised its position in First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the 1st quarter. Royal Bank of Canada now owns 707,693 shares of the company’s stock worth $9,576,000 after purchasing an additional 27,126 shares during the period. Finally, NewEdge Advisors LLC raised its position in First Trust High Yield Opportunities 2027 Term Fund by 27.5% in the 3rd quarter. NewEdge Advisors LLC now owns 332,836 shares of the company’s stock worth $4,823,000 after purchasing an additional 71,881 shares during the period.

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.