First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $12.94 and traded as high as $13.02. First Trust High Yield Opportunities 2027 Term Fund shares last traded at $12.9530, with a volume of 55,245 shares trading hands.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

The firm has a 50 day simple moving average of $12.94 and a 200 day simple moving average of $13.46.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be paid a $0.1250 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.50 annualized dividend and a dividend yield of 11.6%.

Insiders Place Their Bets

In other First Trust High Yield Opportunities 2027 Term Fund news, insider A Jr acquired 5,241 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were bought at an average cost of $12.95 per share, with a total value of $67,870.95. Following the completion of the transaction, the insider directly owned 16,841 shares of the company’s stock, valued at approximately $218,090.95. This represents a 45.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Mcgarel acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average cost of $12.92 per share, for a total transaction of $129,200.00. Following the completion of the transaction, the insider directly owned 24,000 shares of the company’s stock, valued at $310,080. The trade was a 71.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 22,741 shares of company stock worth $293,746.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of institutional investors have recently made changes to their positions in the stock. Ascentis Independent Advisors bought a new position in First Trust High Yield Opportunities 2027 Term Fund during the first quarter valued at approximately $32,000. Fifth Third Bancorp purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund in the first quarter worth approximately $90,000. N.E.W. Advisory Services LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth approximately $118,000. Bullseye Investment Management LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth approximately $188,000. Finally, Advisory Solutions Group LLC purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter valued at $191,000.