First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Up 92.2% in May

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 178,457 shares, a growth of 92.2% from the May 14th total of 92,837 shares. Based on an average daily trading volume, of 76,745 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.2% in the first quarter. Janney Montgomery Scott LLC now owns 18,725 shares of the company’s stock valued at $253,000 after buying an additional 750 shares in the last quarter. TrueMark Investments LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.5% in the fourth quarter. TrueMark Investments LLC now owns 32,206 shares of the company’s stock valued at $453,000 after buying an additional 792 shares in the last quarter. Signature Equity Partners LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.7% in the first quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after buying an additional 823 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.9% in the second quarter. Raymond James Financial Inc. now owns 44,044 shares of the company’s stock valued at $654,000 after buying an additional 1,225 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 7.1% in the fourth quarter. CreativeOne Wealth LLC now owns 19,600 shares of the company’s stock valued at $276,000 after buying an additional 1,300 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.4%

Shares of First Trust High Yield Opportunities 2027 Term Fund stock traded up $0.05 on Friday, reaching $13.43. The company’s stock had a trading volume of 56,013 shares, compared to its average volume of 102,233. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $13.20 and a 52-week high of $14.98. The stock has a 50-day moving average price of $13.53 and a 200-day moving average price of $13.80.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 1st will be given a $0.125 dividend. The ex-dividend date is Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%.

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.