First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Up 114.4% in January

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 17,958 shares, an increase of 114.4% from the December 31st total of 8,376 shares. Based on an average trading volume of 80,379 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 80,379 shares, the days-to-cover ratio is currently 0.2 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of FTHY remained flat at $14.18 during trading hours on Friday. 2,846 shares of the company were exchanged, compared to its average volume of 85,880. The company’s 50-day simple moving average is $14.08 and its 200-day simple moving average is $14.32. First Trust High Yield Opportunities 2027 Term Fund has a 52 week low of $12.84 and a 52 week high of $14.98.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, February 2nd.

Hedge Funds Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Several institutional investors have recently bought and sold shares of FTHY. Perigon Wealth Management LLC grew its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 14.3% during the second quarter. Perigon Wealth Management LLC now owns 15,965 shares of the company’s stock valued at $237,000 after purchasing an additional 2,000 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth $110,000. Narwhal Capital Management bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the second quarter worth approximately $3,106,000. Aurora Private Wealth Inc. raised its position in First Trust High Yield Opportunities 2027 Term Fund by 27.5% during the second quarter. Aurora Private Wealth Inc. now owns 164,262 shares of the company’s stock valued at $2,439,000 after purchasing an additional 35,461 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in First Trust High Yield Opportunities 2027 Term Fund by 306.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 107,885 shares of the company’s stock valued at $1,602,000 after buying an additional 81,325 shares during the period.

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.