Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Grows By 451.2%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 90,400 shares, a growth of 451.2% from the February 13th total of 16,400 shares. Based on an average trading volume of 118,100 shares, the days-to-cover ratio is presently 0.8 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.2 %

NYSE FTHY traded up $0.04 on Wednesday, hitting $14.46. 89,375 shares of the company were exchanged, compared to its average volume of 106,541. 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 stock has a fifty day moving average of $14.56 and a 200-day moving average of $14.70.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 3rd will be given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date is Monday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oder Investment Management LLC raised its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 1.4% during the fourth quarter. Oder Investment Management LLC now owns 149,923 shares of the company’s stock worth $2,171,000 after purchasing an additional 2,133 shares during the period. Oppenheimer & Co. Inc. raised its holdings in First Trust High Yield Opportunities 2027 Term Fund by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 81,960 shares of the company’s stock worth $1,239,000 after buying an additional 2,589 shares during the last quarter. Invesco Ltd. lifted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 20.5% in the fourth quarter. Invesco Ltd. now owns 28,725 shares of the company’s stock valued at $416,000 after buying an additional 4,889 shares in the last quarter. Black Point Wealth Management grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 9.9% during the fourth quarter. Black Point Wealth Management now owns 62,707 shares of the company’s stock valued at $908,000 after buying an additional 5,668 shares during the last quarter. Finally, BlueChip Wealth Advisors LLC grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 12.1% during the fourth quarter. BlueChip Wealth Advisors LLC now owns 54,903 shares of the company’s stock valued at $795,000 after buying an additional 5,931 shares during the last quarter.