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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 63,736 shares, a decrease of 64.3% from the May 31st total of 178,457 shares. Based on an average daily volume of 127,110 shares, the short-interest ratio is currently 0.5 days.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 0.3%

NYSE FTHY opened at $13.66 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $13.20 and a 12-month high of $14.98. The firm’s 50 day moving average is $13.55 and its 200-day moving average is $13.76.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be given a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Several institutional investors and hedge funds have recently bought and sold shares of FTHY. Royal Bank of Canada lifted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.0% during 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 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 valued at $11,998,000 after buying an additional 59,669 shares during the last quarter. Signature Equity Partners LLC grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 2.7% in the 1st 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 during the last quarter. Independent Financial Group LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter valued at about $1,116,000. Finally, Fifth Third Bancorp bought a new position in First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter valued at about $90,000.

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.