First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Stock Price Up 0.7% – Time to Buy?

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY)’s share price rose 0.7% on Friday . The company traded as high as $14.52 and last traded at $14.51. Approximately 110,382 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 143,944 shares. The stock had previously closed at $14.40.

First Trust High Yield Opportunities 2027 Term Fund Stock Performance

The company has a 50-day simple moving average of $14.62 and a 200-day simple moving average of $14.70.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.50 annualized dividend and a yield of 10.34%.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Hedge funds have recently made changes to their positions in the company. Magnus Financial Group LLC raised its stake in First Trust High Yield Opportunities 2027 Term Fund by 30.4% in the fourth quarter. Magnus Financial Group LLC now owns 33,407 shares of the company’s stock worth $484,000 after buying an additional 7,785 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 3rd quarter worth $1,776,000. Stifel Financial Corp lifted its stake 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 purchasing an additional 228,860 shares during the last quarter. Penserra Capital Management LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the third quarter valued at about $4,878,000. Finally, Kovack Advisors Inc. purchased a new position in First Trust High Yield Opportunities 2027 Term Fund in the third quarter valued at about $319,000.