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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 19,900 shares, a growth of 22.1% from the December 31st total of 16,300 shares. Based on an average daily trading volume, of 102,000 shares, the short-interest ratio is currently 0.2 days.

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

NYSE FTHY opened at $14.75 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $13.80 and a 12-month high of $15.13. The company has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $14.71.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 25th. Investors of record on Monday, February 3rd will be issued a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 10.17%. The ex-dividend date of this dividend is Monday, February 3rd.

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

Several institutional investors have recently bought and sold shares of FTHY. Allworth Financial LP increased its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 30.5% during the 3rd quarter. Allworth Financial LP now owns 4,714 shares of the company’s stock valued at $71,000 after acquiring an additional 1,102 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in First Trust High Yield Opportunities 2027 Term Fund during the third quarter valued at approximately $153,000. Stratos Wealth Partners LTD. bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the fourth quarter valued at approximately $214,000. Kovack Advisors Inc. acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth $319,000. Finally, Magnus Financial Group LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter worth $387,000.