First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Down 21.4% in March

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 68,800 shares, a decrease of 21.4% from the March 15th total of 87,500 shares. Based on an average trading volume of 103,300 shares, the short-interest ratio is currently 0.7 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

FTHY traded up $0.08 during trading on Friday, hitting $13.79. The stock had a trading volume of 47,730 shares, compared to its average volume of 102,702. First Trust High Yield Opportunities 2027 Term Fund has a twelve month low of $12.84 and a twelve month high of $15.13. The company’s 50-day moving average price is $14.26 and its 200 day moving average price is $14.53.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 25th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend is Tuesday, April 1st.

Insider Buying and Selling at First Trust High Yield Opportunities 2027 Term Fund

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $14.46 per share, for a total transaction of $433,800.00. Following the purchase, the insider now directly owns 169,500 shares in the company, valued at approximately $2,450,970. This trade represents a 21.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FTHY. Elequin Capital LP purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund during the fourth quarter worth $106,000. Jane Street Group LLC acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the 4th quarter worth $159,000. Stratos Wealth Partners LTD. purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter worth about $214,000. Wealth Enhancement Advisory Services LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter valued at about $222,000. Finally, Fortitude Advisory Group L.L.C. increased its holdings in First Trust High Yield Opportunities 2027 Term Fund by 27.6% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 21,341 shares of the company’s stock valued at $293,000 after acquiring an additional 4,612 shares in the last quarter.