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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 86,375 shares, a decline of 39.6% from the July 30th total of 143,040 shares. Based on an average trading volume of 98,656 shares, the days-to-cover ratio is currently 0.9 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Down 0.0%

Shares of First Trust High Yield Opportunities 2027 Term Fund stock traded down $0.01 on Wednesday, hitting $13.26. 57,130 shares of the company’s stock traded hands, compared to its average volume of 97,140. The company has a fifty day moving average of $13.53 and a two-hundred day moving average of $13.57. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $13.20 and a one year high of $14.84.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 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 11.3%. The ex-dividend date is Tuesday, September 1st.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTHY. Signature Equity Partners LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.7% during the first quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after buying an additional 823 shares during the period. Independent Financial Group LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter valued at approximately $1,116,000. Kestra Advisory Services LLC boosted its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 12.3% in the first quarter. Kestra Advisory Services LLC now owns 139,739 shares of the company’s stock valued at $1,891,000 after acquiring an additional 15,273 shares during the period. Ascentis Independent Advisors purchased a new position in First Trust High Yield Opportunities 2027 Term Fund during the first quarter valued at approximately $32,000. Finally, Janney Montgomery Scott LLC increased its holdings in First Trust High Yield Opportunities 2027 Term Fund by 4.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,725 shares of the company’s stock worth $253,000 after acquiring an additional 750 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.