First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Up 79.8% in June

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 114,613 shares, a growth of 79.8% from the June 15th total of 63,736 shares. Based on an average trading volume of 83,399 shares, the days-to-cover ratio is currently 1.4 days.

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

A number of institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its position in First Trust High Yield Opportunities 2027 Term Fund by 1.8% during the 3rd quarter. UBS Group AG now owns 75,691 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,373 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 1.6% in the 4th quarter. Kestra Advisory Services LLC now owns 124,466 shares of the company’s stock valued at $1,751,000 after purchasing an additional 1,975 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 10.3% in the 4th quarter. Osaic Holdings Inc. now owns 191,152 shares of the company’s stock valued at $2,690,000 after purchasing an additional 17,827 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 5.3% during the 4th quarter. LPL Financial LLC now owns 313,792 shares of the company’s stock worth $4,415,000 after purchasing an additional 15,760 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 27.5% during the 3rd quarter. NewEdge Advisors LLC now owns 332,836 shares of the company’s stock worth $4,823,000 after purchasing an additional 71,881 shares during the last quarter.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of FTHY opened at $13.59 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a 12-month low of $13.20 and a 12-month high of $14.87. The company has a 50-day moving average of $13.53 and a two-hundred day moving average of $13.72.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

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

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.