First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Trading Up 0.1% – Here’s Why

Shares of First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) rose 0.1% on Tuesday . The stock traded as high as $14.68 and last traded at $14.68. Approximately 53,270 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 119,690 shares. The stock had previously closed at $14.66.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.1 %

The stock’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $14.57.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 1st will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend is Friday, November 1st.

Insiders Place Their Bets

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen acquired 4,370 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was bought at an average cost of $15.20 per share, for a total transaction of $66,424.00. Following the completion of the purchase, the insider now directly owns 123,370 shares in the company, valued at $1,875,224. This represents a 3.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTHY. Allworth Financial LP lifted its holdings in First Trust High Yield Opportunities 2027 Term Fund by 30.5% in the 3rd 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 acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 3rd quarter valued at about $153,000. Comerica Bank lifted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 45.9% in the 1st quarter. Comerica Bank now owns 18,587 shares of the company’s stock worth $270,000 after purchasing an additional 5,846 shares during the last quarter. Consolidated Portfolio Review Corp increased its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 25.5% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 19,090 shares of the company’s stock worth $273,000 after acquiring an additional 3,882 shares during the period. Finally, Kovack Advisors Inc. acquired a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the third quarter worth approximately $319,000.