First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Shares Up 0.7% – Here’s Why

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) shot up 0.7% during trading on Friday . The stock traded as high as $14.52 and last traded at $14.51. 110,382 shares traded hands during trading, a decline of 23% from the average session volume of 143,944 shares. The stock had previously closed at $14.40.

First Trust High Yield Opportunities 2027 Term Fund Trading Up 0.7 %

The company has a fifty day moving average price of $14.62 and a 200 day moving average price of $14.70.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.50 annualized dividend and a yield of 10.34%.

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

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 30.5% during the third quarter. Allworth Financial LP now owns 4,714 shares of the company’s stock worth $71,000 after buying an additional 1,102 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the third quarter worth $153,000. Kovack Advisors Inc. bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the third quarter worth $319,000. Magnus Financial Group LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the third quarter worth $387,000. Finally, Black Point Wealth Management grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 47.2% during the third quarter. Black Point Wealth Management now owns 57,039 shares of the company’s stock worth $862,000 after buying an additional 18,283 shares in the last quarter.