First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $12.94 and traded as high as $13.02. First Trust High Yield Opportunities 2027 Term Fund shares last traded at $12.9530, with a volume of 55,245 shares changing hands.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

The stock has a 50-day simple moving average of $12.94 and a 200 day simple moving average of $13.46.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be given a dividend of $0.1250 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.50 annualized dividend and a yield of 11.6%.

Insider Buying and Selling

In other news, insider A Jr acquired 5,241 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were bought at an average price of $12.95 per share, for a total transaction of $67,870.95. Following the acquisition, the insider owned 16,841 shares of the company’s stock, valued at approximately $218,090.95. This trade represents a 45.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David Mcgarel purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average price of $12.92 per share, with a total value of $129,200.00. Following the purchase, the insider directly owned 24,000 shares of the company’s stock, valued at $310,080. The trade was a 71.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 22,741 shares of company stock worth $293,746.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Several large investors have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth approximately $13,246,000. Royal Bank of Canada raised 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 acquiring an additional 27,126 shares during the last quarter. Narwhal Capital Management purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund during the third quarter worth $2,563,000. Almitas Capital LLC acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the second quarter valued at about $2,724,000. Finally, Kestra Advisory Services LLC boosted its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 10.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 144,791 shares of the company’s stock worth $1,861,000 after purchasing an additional 13,570 shares during the period.