First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Update

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 62,459 shares, a drop of 45.5% from the June 30th total of 114,613 shares. Based on an average daily trading volume, of 73,557 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Hedge funds have recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 1st quarter valued at $32,000. Northwestern Mutual Wealth Management Co. boosted its position in First Trust High Yield Opportunities 2027 Term Fund by 466.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,073 shares of the company’s stock valued at $90,000 after buying an additional 5,000 shares during the last quarter. Fifth Third Bancorp purchased a new position in First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter valued at about $90,000. Camelot Portfolios LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the fourth quarter valued at about $98,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the fourth quarter valued at about $117,000.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of NYSE:FTHY traded down $0.03 during mid-day trading on Wednesday, hitting $13.60. 101,313 shares of the company traded hands, compared to its average volume of 97,876. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $13.20 and a 52-week high of $14.84. The firm’s 50 day simple moving average is $13.56 and its 200 day simple moving average is $13.69.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 3rd will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 3rd. 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.