First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Trading Up 0.1% – Still a Buy?

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

First Trust High Yield Opportunities 2027 Term Fund Price Performance

The company has a 50-day simple moving average of $14.80 and a 200 day simple moving average of $14.57.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

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

Insiders Place Their Bets

In related news, insider James A. Bowen acquired 4,370 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were purchased at an average cost of $15.20 per share, with a total value of $66,424.00. Following the completion of the acquisition, the insider now directly owns 123,370 shares of the company’s stock, valued at $1,875,224. This represents a 3.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of First Trust High Yield Opportunities 2027 Term Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP raised 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 purchasing an additional 1,102 shares during the period. Venture Visionary Partners LLC acquired a new position in First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter worth about $153,000. Comerica Bank increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 45.9% during the 1st quarter. Comerica Bank now owns 18,587 shares of the company’s stock worth $270,000 after buying an additional 5,846 shares during the period. Consolidated Portfolio Review Corp increased its holdings in First Trust High Yield Opportunities 2027 Term Fund by 25.5% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 19,090 shares of the company’s stock worth $273,000 after purchasing an additional 3,882 shares during the period. Finally, Kovack Advisors Inc. purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter worth $319,000.