Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Increases By 22.1%

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 19,900 shares, an increase of 22.1% from the December 31st total of 16,300 shares. Based on an average daily trading volume, of 102,000 shares, the days-to-cover ratio is presently 0.2 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

First Trust High Yield Opportunities 2027 Term Fund stock opened at $14.75 on Friday. The stock’s 50 day moving average price is $14.61 and its two-hundred day moving average price is $14.71. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $13.80 and a 52-week high of $15.13.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Monday, February 3rd will be issued a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 10.17%. The ex-dividend date of this dividend is Monday, February 3rd.

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

Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its position in First Trust High Yield Opportunities 2027 Term Fund by 3.6% in the 4th quarter. D.A. Davidson & CO. now owns 439,481 shares of the company’s stock valued at $6,364,000 after buying an additional 15,198 shares in the last quarter. Apollon Wealth Management LLC grew its stake in First Trust High Yield Opportunities 2027 Term Fund by 48.2% in the fourth quarter. Apollon Wealth Management LLC now owns 25,708 shares of the company’s stock valued at $372,000 after acquiring an additional 8,367 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the fourth quarter valued at approximately $214,000. Aurora Private Wealth Inc. raised its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 30.5% during the fourth quarter. Aurora Private Wealth Inc. now owns 117,591 shares of the company’s stock worth $1,703,000 after purchasing an additional 27,517 shares during the period. Finally, Black Point Wealth Management lifted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 9.9% in the 4th quarter. Black Point Wealth Management now owns 62,707 shares of the company’s stock worth $908,000 after purchasing an additional 5,668 shares in the last quarter.