Short Interest in First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Drops By 64.3%

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

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of FTHY traded down $0.04 during trading hours on Tuesday, hitting $13.70. The company had a trading volume of 153,303 shares, compared to its average volume of 100,254. The business 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 has a 12 month low of $13.20 and a 12 month high of $14.87.

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. Investors of record on Wednesday, July 1st will be paid a $0.125 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 11.0%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTHY. Ascentis Independent Advisors acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the first quarter valued at approximately $32,000. Fifth Third Bancorp bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth approximately $90,000. Northwestern Mutual Wealth Management Co. lifted 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 purchasing an additional 5,000 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 4th quarter worth approximately $98,000. Finally, N.E.W. Advisory Services LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 4th quarter valued at $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.