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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 178,457 shares, an increase of 92.2% from the May 14th total of 92,837 shares. Based on an average daily trading volume, of 76,745 shares, the days-to-cover ratio is currently 2.3 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

FTHY stock traded up $0.07 during mid-day trading on Tuesday, reaching $13.52. The company had a trading volume of 48,639 shares, compared to its average volume of 101,284. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $13.20 and a one year high of $14.98. The stock’s 50-day simple moving average is $13.53 and its two-hundred day simple moving average is $13.79.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 1st will be given a $0.125 dividend. The ex-dividend date is Monday, June 1st. This represents a c) annualized dividend and a yield of 11.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.2% during the first quarter. Janney Montgomery Scott LLC now owns 18,725 shares of the company’s stock valued at $253,000 after buying an additional 750 shares during the last quarter. TrueMark Investments LLC increased its position in First Trust High Yield Opportunities 2027 Term Fund by 2.5% in the 4th quarter. TrueMark Investments LLC now owns 32,206 shares of the company’s stock valued at $453,000 after acquiring an additional 792 shares during the period. Signature Equity Partners LLC increased its position in First Trust High Yield Opportunities 2027 Term Fund by 2.7% in the 1st quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after acquiring an additional 823 shares during the period. Raymond James Financial Inc. raised its stake in First Trust High Yield Opportunities 2027 Term Fund by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 44,044 shares of the company’s stock valued at $654,000 after acquiring an additional 1,225 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its stake in First Trust High Yield Opportunities 2027 Term Fund by 7.1% during the 4th quarter. CreativeOne Wealth LLC now owns 19,600 shares of the company’s stock valued at $276,000 after acquiring an additional 1,300 shares in the last quarter.

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.