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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 16,400 shares, a decline of 65.0% from the January 31st total of 46,900 shares. Based on an average trading volume of 120,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTHY. PVG Asset Management Corp acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the fourth quarter worth $388,000. Elequin Capital LP acquired a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter valued at about $106,000. Jane Street Group LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the fourth quarter valued at about $159,000. Stifel Financial Corp boosted its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 3.5% during the fourth quarter. Stifel Financial Corp now owns 361,359 shares of the company’s stock worth $5,232,000 after buying an additional 12,203 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 240.6% during the fourth quarter. Shaker Financial Services LLC now owns 49,387 shares of the company’s stock worth $715,000 after buying an additional 34,887 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 0.1 %

Shares of NYSE FTHY traded up $0.02 during mid-day trading on Friday, reaching $14.74. 63,208 shares of the company’s stock were exchanged, compared to its average volume of 111,179. First Trust High Yield Opportunities 2027 Term Fund has a twelve month low of $13.80 and a twelve month high of $15.13. The business has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $14.71.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.50 annualized dividend and a yield of 10.18%.