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 target of a large increase in short interest in 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 daily volume of 83,399 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FTHY. Sit Investment Associates Inc. grew its stake in shares of 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 worth $34,049,000 after acquiring an additional 961,702 shares during the period. Kennedy Investment Group boosted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 1.0% in the fourth quarter. Kennedy Investment Group now owns 1,179,585 shares of the company’s stock worth $16,597,000 after purchasing an additional 11,500 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 7.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 886,745 shares of the company’s stock worth $11,998,000 after purchasing an additional 59,669 shares during the last quarter. Royal Bank of Canada grew its position in First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the 1st quarter. Royal Bank of Canada now owns 707,693 shares of the company’s stock worth $9,576,000 after purchasing an additional 27,126 shares during the period. Finally, NewEdge Advisors LLC grew its position in First Trust High Yield Opportunities 2027 Term Fund by 27.5% in the 3rd quarter. NewEdge Advisors LLC now owns 332,836 shares of the company’s stock worth $4,823,000 after purchasing an additional 71,881 shares during the period.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

Shares of FTHY opened at $13.62 on Friday. First Trust High Yield Opportunities 2027 Term Fund has a twelve month low of $13.20 and a twelve month high of $14.87. The firm has a 50 day moving average of $13.53 and a 200 day moving average of $13.72.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently announced 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) annualized dividend and a yield of 11.0%. The ex-dividend date is Wednesday, July 1st.

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.