First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Trading Up 0.7% – Here’s Why

Shares of First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) were up 0.7% during mid-day trading on Friday . The stock traded as high as $14.52 and last traded at $14.51. Approximately 110,382 shares changed hands during trading, a decline of 23% from the average daily volume of 143,944 shares. The stock had previously closed at $14.40.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.7 %

The business has a fifty day moving average price of $14.62 and a 200-day moving average price of $14.70.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date of this dividend is Thursday, January 2nd.

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

Several institutional investors and hedge funds have recently made changes to their positions in FTHY. Penserra Capital Management LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth $4,878,000. Stifel Financial Corp lifted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 190.2% in the 3rd quarter. Stifel Financial Corp now owns 349,156 shares of the company’s stock valued at $5,279,000 after acquiring an additional 228,860 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 1,452.0% during the 3rd quarter. International Assets Investment Management LLC now owns 240,951 shares of the company’s stock valued at $3,643,000 after acquiring an additional 225,426 shares during the period. Kovitz Investment Group Partners LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter worth approximately $1,776,000. Finally, Sanctuary Advisors LLC bought a new position in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter worth approximately $1,201,000.