First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Stock Short Interest Jumps 97.7%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a significant increase in short interest in the month of 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.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.7%

Shares of First Trust High Yield Opportunities 2027 Term Fund stock traded up $0.09 during trading hours on Friday, reaching $12.85. The company’s stock had a trading volume of 69,243 shares, compared to its average volume of 101,903. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $12.49 and a one year high of $14.42. The stock’s fifty day simple moving average is $13.11 and its two-hundred day simple moving average is $13.39.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, October 26th. Investors of record on Thursday, October 1st will be paid a dividend of $0.1250 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.50 dividend on an annualized basis and a yield of 11.7%.

Insider Buying and Selling at First Trust High Yield Opportunities 2027 Term Fund

In other news, insider David Mcgarel purchased 10,000 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction dated Friday, September 25th. The shares were bought at an average cost of $12.92 per share, with a total value of $129,200.00. Following the completion of the transaction, the insider directly owned 24,000 shares in the company, valued at $310,080. This trade represents a 71.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider A Jr purchased 2,500 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction dated Monday, September 28th. The shares were purchased at an average cost of $12.87 per share, for a total transaction of $32,175.00. Following the completion of the transaction, the insider owned 24,341 shares of the company’s stock, valued at approximately $313,268.67. This represents a 11.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 22,741 shares of company stock worth $293,746.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of large investors have recently added to or reduced their stakes in FTHY. Independent Financial Group LLC acquired a new position in First Trust High Yield Opportunities 2027 Term Fund during the 1st quarter valued at about $1,116,000. Private Advisory Group LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter valued at about $1,892,000. Almitas Capital LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter valued at about $2,724,000. Bullseye Investment Management LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter valued at about $188,000. Finally, Fifth Third Bancorp acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 1st quarter worth approximately $90,000.

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.