First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.80 and traded as high as $14.93. First Trust High Yield Opportunities 2027 Term Fund shares last traded at $14.92, with a volume of 25,883 shares trading hands.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

The stock has a 50 day moving average of $14.80 and a 200-day moving average of $14.60.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Monday, December 2nd will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.05%.

Insider Activity

In other First Trust High Yield Opportunities 2027 Term Fund news, insider James A. Bowen acquired 4,370 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was purchased at an average price of $15.20 per share, with a total value of $66,424.00. Following the completion of the purchase, the insider now directly owns 123,370 shares in the company, valued at approximately $1,875,224. The trade was a 3.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FTHY. Kennedy Investment Group grew its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 1.3% during the second quarter. Kennedy Investment Group now owns 1,206,637 shares of the company’s stock valued at $17,279,000 after purchasing an additional 15,750 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 688,465 shares of the company’s stock valued at $9,859,000 after buying an additional 39,287 shares in the last quarter. D.A. Davidson & CO. increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 4.3% in the 2nd quarter. D.A. Davidson & CO. now owns 492,088 shares of the company’s stock worth $7,047,000 after acquiring an additional 20,336 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 190.2% during the 3rd quarter. Stifel Financial Corp now owns 349,156 shares of the company’s stock worth $5,279,000 after acquiring an additional 228,860 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter valued at approximately $4,878,000.