First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Up 230.2% in July

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 59,100 shares, an increase of 230.2% from the June 30th total of 17,900 shares. Based on an average daily trading volume, of 113,100 shares, the days-to-cover ratio is currently 0.5 days.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 0.6 %

Shares of FTHY traded up $0.09 on Thursday, reaching $14.74. 90,647 shares of the company’s stock traded hands, compared to its average volume of 140,260. The business has a 50 day moving average price of $14.28. First Trust High Yield Opportunities 2027 Term Fund has a 52-week low of $12.66 and a 52-week high of $14.86.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 26th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 10.58%. The ex-dividend date is Thursday, August 1st.

Insider Buying and Selling

In related news, insider David Mcgarel acquired 14,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average cost of $14.01 per share, with a total value of $196,140.00. Following the completion of the purchase, the insider now directly owns 14,000 shares in the company, valued at approximately $196,140. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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

Several institutional investors and hedge funds have recently bought and sold shares of FTHY. Register Financial Advisors LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter worth $95,000. Whittier Trust Co. bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter worth $109,000. Future Financial Wealth Managment LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter worth $172,000. Nomura Holdings Inc. bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the fourth quarter worth $178,000. Finally, Consolidated Portfolio Review Corp bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter worth $221,000.