First Trust High Yield Opportunities 2027 Term Fund (FTHY) to Issue Monthly Dividend of $0.13 on June 25th

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.125 per share on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Monday, June 1st.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of NYSE:FTHY opened at $13.56 on Friday. The company’s 50 day simple moving average is $13.52 and its 200 day simple moving average is $13.86. First Trust High Yield Opportunities 2027 Term Fund has a 1 year low of $13.20 and a 1 year high of $14.98.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 12.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,975 shares of the company’s stock valued at $253,000 after acquiring an additional 2,000 shares during the last quarter. Citadel Advisors LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the third quarter valued at approximately $240,000. Lido Advisors LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the third quarter valued at approximately $180,000. Royal Bank of Canada increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the first quarter. Royal Bank of Canada now owns 707,693 shares of the company’s stock valued at $9,576,000 after acquiring an additional 27,126 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the first quarter valued at approximately $90,000.

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.