First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Share Price Passes Above Fifty Day Moving Average – What’s Next?

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 Up 0.5 %

The company’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $14.60.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

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

Insider Buying and Selling at First Trust High Yield Opportunities 2027 Term Fund

In related news, insider James A. Bowen purchased 17,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of $14.75 per share, for a total transaction of $250,750.00. Following the completion of the acquisition, the insider now owns 123,000 shares in the company, valued at approximately $1,814,250. This trade represents a 16.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Magnus Financial Group LLC bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the third quarter valued at approximately $387,000. Sanctuary Advisors LLC purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth $1,201,000. Thoroughbred Financial Services LLC grew its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 3.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 51,500 shares of the company’s stock worth $737,000 after buying an additional 1,500 shares in the last quarter. CoreCap Advisors LLC purchased a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the second quarter valued at $659,000. Finally, Wedbush Securities Inc. increased its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 32.1% during the second quarter. Wedbush Securities Inc. now owns 100,081 shares of the company’s stock valued at $1,433,000 after buying an additional 24,326 shares during the period.