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

by · The Markets Daily

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 63,736 shares, a decrease of 64.3% from the May 31st total of 178,457 shares. Based on an average daily volume of 127,110 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the first quarter. Royal Bank of Canada now owns 707,693 shares of the company’s stock valued at $9,576,000 after acquiring an additional 27,126 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 7.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 886,745 shares of the company’s stock worth $11,998,000 after acquiring an additional 59,669 shares in the last quarter. Signature Equity Partners LLC boosted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.7% in the first quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after buying an additional 823 shares during the period. Independent Financial Group LLC acquired a new position in First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter worth $1,116,000. Finally, Fifth Third Bancorp acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth about $90,000.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.4%

NYSE:FTHY traded up $0.05 during mid-day trading on Monday, reaching $13.72. 62,039 shares of the company were exchanged, compared to its average volume of 99,820. First Trust High Yield Opportunities 2027 Term Fund has a 12 month low of $13.20 and a 12 month high of $14.98. The company has a fifty day moving average of $13.55 and a 200 day moving average of $13.76.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.

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