Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Rises By 18.1%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 64,586 shares, an increase of 18.1% from the February 26th total of 54,670 shares. Based on an average trading volume of 149,012 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FTHY. Sit Investment Associates Inc. lifted its stake in shares of 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. Kennedy Investment Group increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 1.0% in the fourth quarter. Kennedy Investment Group now owns 1,179,585 shares of the company’s stock worth $16,597,000 after purchasing an additional 11,500 shares during the period. Punch & Associates Investment Management Inc. increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 48.6% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 827,076 shares of the company’s stock worth $11,637,000 after purchasing an additional 270,334 shares during the period. Penserra Capital Management LLC lifted its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 21.5% during the third quarter. Penserra Capital Management LLC now owns 441,008 shares of the company’s stock worth $6,390,000 after purchasing an additional 78,094 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 27.5% during the third 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 last quarter.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of FTHY stock traded up $0.29 during trading hours on Tuesday, reaching $13.54. 130,107 shares of the stock were exchanged, compared to its average volume of 103,762. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $12.84 and a 12-month high of $14.98. The company’s 50-day moving average price is $13.85 and its 200-day moving average price is $14.06.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a c) annualized dividend and a yield of 11.1%.

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.