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

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.76 and traded as high as $14.78. First Trust High Yield Opportunities 2027 Term Fund shares last traded at $14.76, with a volume of 146,398 shares.

First Trust High Yield Opportunities 2027 Term Fund Trading Down 0.3 %

The firm’s 50-day moving average price is $14.75 and its 200-day moving average price is $14.62.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.125 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.50 dividend on an annualized basis and a yield of 10.24%.

Insider Activity

In other news, insider James A. Bowen bought 4,370 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction dated Monday, September 30th. The shares were acquired 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 owns 123,370 shares in the company, valued at $1,875,224. The trade was a 3.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On First Trust High Yield Opportunities 2027 Term Fund

A number of large investors have recently made changes to their positions in FTHY. Allworth Financial LP raised its position 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 purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth approximately $153,000. Comerica Bank lifted its stake in shares of 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 acquiring an additional 5,846 shares during the last quarter. Consolidated Portfolio Review Corp boosted 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 valued at $273,000 after acquiring an additional 3,882 shares during the period. Finally, Kovack Advisors Inc. purchased a new position in First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter valued at $319,000.