First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Stock Short Interest Report for September

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 168,314 shares, an increase of 97.7% from the September 15th total of 85,134 shares. Based on an average daily volume of 124,915 shares, the short-interest ratio is presently 1.3 days.

Insider Buying and Selling

In related news, insider David Mcgarel acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the transaction, the insider directly owned 24,000 shares of the company’s stock, valued at approximately $310,080. This trade represents a 71.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William A. Housey, Jr. acquired 2,500 shares of the company’s stock in a transaction on Monday, September 28th. The shares were purchased at an average cost of $12.87 per share, with a total value of $32,175.00. Following the completion of the acquisition, the insider directly owned 24,341 shares in the company, valued at approximately $313,268.67. The trade was a 11.45% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 22,741 shares of company stock valued at $293,746.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FTHY. Janney Montgomery Scott LLC boosted its position in First Trust High Yield Opportunities 2027 Term Fund by 4.2% during the first quarter. Janney Montgomery Scott LLC now owns 18,725 shares of the company’s stock worth $253,000 after purchasing an additional 750 shares during the period. Signature Equity Partners LLC increased its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.7% in the first quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after purchasing an additional 823 shares during the last quarter. TrueMark Investments LLC raised its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 5.4% in the first quarter. TrueMark Investments LLC now owns 33,934 shares of the company’s stock valued at $459,000 after purchasing an additional 1,728 shares during the period. Ascentis Independent Advisors bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter valued at about $32,000. Finally, Fifth Third Bancorp bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter valued at about $90,000.

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

NYSE:FTHY traded down $0.10 on Wednesday, reaching $12.64. The company’s stock had a trading volume of 170,522 shares, compared to its average volume of 102,121. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $12.49 and a 1-year high of $14.42. The business’s 50-day moving average price is $13.14 and its two-hundred day moving average price is $13.40.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.1250 per share. This represents a $1.50 annualized dividend and a yield of 11.9%. The ex-dividend date is Thursday, October 1st.

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) is a closed-end management investment company advised by First Trust Advisors L.P. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in a diversified portfolio of high-yield, below-investment-grade debt securities.

FTHY may invest in corporate bonds, loans and other fixed-income instruments issued by companies in the United States and other countries. Because the fund focuses on higher-yielding securities, its portfolio may be subject to greater credit, interest-rate and market risks than funds investing primarily in investment-grade debt.

As a term fund, FTHY is structured to pursue its investment strategy for a limited period, with a targeted termination date in 2027, subject to the fund’s governing documents and any action taken by its board of trustees.