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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 143,040 shares, a growth of 129.0% from the July 15th total of 62,459 shares. Based on an average daily volume of 90,651 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Large investors have recently modified their holdings of the business. Sit Investment Associates Inc. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 65.9% in the fourth quarter. Sit Investment Associates Inc. now owns 2,419,971 shares of the company’s stock worth $34,049,000 after purchasing an additional 961,702 shares during the last quarter. Kennedy Investment Group lifted its position in First Trust High Yield Opportunities 2027 Term Fund by 1.0% during the fourth quarter. Kennedy Investment Group now owns 1,179,585 shares of the company’s stock valued at $16,597,000 after purchasing an additional 11,500 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 7.2% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 886,745 shares of the company’s stock worth $11,998,000 after buying an additional 59,669 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the 1st quarter. Royal Bank of Canada now owns 707,693 shares of the company’s stock worth $9,576,000 after buying an additional 27,126 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 27.5% in the 3rd quarter. NewEdge Advisors LLC now owns 332,836 shares of the company’s stock worth $4,823,000 after buying an additional 71,881 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund Trading Down 0.1%

Shares of FTHY stock traded down $0.01 on Friday, reaching $13.48. The company’s stock had a trading volume of 85,726 shares, compared to its average volume of 97,676. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $13.20 and a 12-month high of $14.84. The stock’s 50 day simple moving average is $13.55 and its 200-day simple moving average is $13.64.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 3rd will be paid a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Monday, August 3rd.

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.