First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Short Interest Up 18.1% in March

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 64,586 shares, an increase of 18.1% from the February 26th total of 54,670 shares. Based on an average trading volume of 149,012 shares, the days-to-cover ratio is presently 0.4 days.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

Shares of First Trust High Yield Opportunities 2027 Term Fund stock traded up $0.29 on Tuesday, hitting $13.54. 130,107 shares of the company traded hands, compared to its average volume of 103,762. The stock’s 50 day moving average price is $13.85 and its 200-day moving average price is $14.06. First Trust High Yield Opportunities 2027 Term Fund has a 52 week low of $12.84 and a 52 week high of $14.98.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 11.1%.

Hedge Funds 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 the company. CX Institutional purchased a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the third quarter valued at $28,000. Colonial Trust Advisors grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 300.0% during the 3rd quarter. Colonial Trust Advisors now owns 3,000 shares of the company’s stock worth $43,000 after acquiring an additional 2,250 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 466.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,073 shares of the company’s stock worth $90,000 after acquiring an additional 5,000 shares in the last quarter. Camelot Portfolios LLC purchased a new position in First Trust High Yield Opportunities 2027 Term Fund during the 4th quarter valued at about $98,000. Finally, N.E.W. Advisory Services LLC purchased a new position in First Trust High Yield Opportunities 2027 Term Fund during the 4th quarter valued at about $117,000.

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.