First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Up 79.8% in June

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 114,613 shares, an increase of 79.8% from the June 15th total of 63,736 shares. Based on an average trading volume of 83,399 shares, the days-to-cover ratio is presently 1.4 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Down 0.1%

FTHY stock opened at $13.59 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a one year low of $13.20 and a one year high of $14.87. The company has a 50 day moving average price of $13.53 and a two-hundred day moving average price of $13.72.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FTHY. Sit Investment Associates Inc. increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 65.9% in the fourth quarter. Sit Investment Associates Inc. now owns 2,419,971 shares of the company’s stock valued at $34,049,000 after purchasing an additional 961,702 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in First Trust High Yield Opportunities 2027 Term Fund by 20,169.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 217,488 shares of the company’s stock worth $3,060,000 after buying an additional 216,415 shares during the period. Kennedy Investment Group boosted its stake in First Trust High Yield Opportunities 2027 Term Fund by 1.0% in the 4th quarter. Kennedy Investment Group now owns 1,179,585 shares of the company’s stock worth $16,597,000 after buying an additional 11,500 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter worth about $407,000. Finally, Aurora Private Wealth Inc. purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter valued at about $2,761,000.

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.