Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Grows By 129.0%

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

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. grew its position in 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 buying an additional 961,702 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 48.6% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 827,076 shares of the company’s stock worth $11,637,000 after acquiring an additional 270,334 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 20,169.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 217,488 shares of the company’s stock worth $3,060,000 after acquiring an additional 216,415 shares during the last quarter. Aurora Private Wealth Inc. acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter worth $2,761,000. Finally, Private Advisory Group LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the second quarter worth $1,892,000.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

NYSE:FTHY traded down $0.01 during mid-day trading on Friday, reaching $13.48. 85,726 shares of the stock were exchanged, compared to its average volume of 97,676. The business has a fifty day moving average price of $13.55 and a 200 day moving average price of $13.64. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $13.20 and a 1-year high of $14.84.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

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

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.