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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 63,736 shares, a drop of 64.3% from the May 31st total of 178,457 shares. Based on an average daily trading volume, of 127,110 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 23.4% during the second quarter. Cetera Investment Advisers now owns 20,440 shares of the company’s stock worth $304,000 after purchasing an additional 3,880 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in First Trust High Yield Opportunities 2027 Term Fund by 466.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,073 shares of the company’s stock worth $90,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Inc. increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 44,044 shares of the company’s stock worth $654,000 after acquiring an additional 1,225 shares during the period. UBS Group AG raised its holdings in First Trust High Yield Opportunities 2027 Term Fund by 1.8% in the 3rd quarter. UBS Group AG now owns 75,691 shares of the company’s stock valued at $1,097,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter valued at $240,000.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of First Trust High Yield Opportunities 2027 Term Fund stock opened at $13.66 on Friday. The firm has a 50-day moving average of $13.55 and a 200-day moving average of $13.76. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $13.20 and a 52-week high of $14.98.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be paid a $0.125 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a yield of 11.0%.

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.