First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Sees Large Drop in Short Interest

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 62,459 shares, a drop of 45.5% from the June 30th total of 114,613 shares. Based on an average daily trading volume, of 73,557 shares, the days-to-cover ratio is currently 0.8 days.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

First Trust High Yield Opportunities 2027 Term Fund stock traded down $0.03 during midday trading on Wednesday, reaching $13.60. The stock had a trading volume of 101,313 shares, compared to its average volume of 97,876. First Trust High Yield Opportunities 2027 Term Fund has a twelve month low of $13.20 and a twelve month high of $14.84. The stock’s 50-day simple moving average is $13.56 and its 200 day simple moving average is $13.69.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 3rd will be issued a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Monday, August 3rd.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of institutional investors have recently modified their holdings of FTHY. Royal Bank of Canada increased its position in First Trust High Yield Opportunities 2027 Term Fund by 4.0% during 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 in the last quarter. Punch & Associates Investment Management Inc. raised 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 valued at $11,998,000 after buying an additional 59,669 shares during the period. Signature Equity Partners LLC lifted its position in First Trust High Yield Opportunities 2027 Term Fund by 2.7% during the first quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after buying an additional 823 shares in the last quarter. Independent Financial Group LLC acquired a new position in First Trust High Yield Opportunities 2027 Term Fund during the first quarter valued at approximately $1,116,000. Finally, Fifth Third Bancorp purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth approximately $90,000.

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.