First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY)’s share 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 Stock Down 0.3 %

The company has a 50 day moving average price of $14.75 and a two-hundred day moving average price of $14.62.

First Trust High Yield Opportunities 2027 Term Fund Announces Dividend

The firm also recently announced 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. This represents a $1.50 dividend on an annualized basis and a yield of 10.24%. 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 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 that occurred on Monday, September 30th. The shares were bought at an average price of $15.20 per share, with a total value of $66,424.00. Following the completion of the acquisition, the insider now owns 123,370 shares in the company, valued at $1,875,224. This represents a 3.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

A number of hedge funds have recently modified their holdings of FTHY. Kovitz Investment Group Partners LLC purchased a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the third quarter worth $1,776,000. Stifel Financial Corp increased its holdings in First Trust High Yield Opportunities 2027 Term Fund by 190.2% in the 3rd quarter. Stifel Financial Corp now owns 349,156 shares of the company’s stock valued at $5,279,000 after acquiring an additional 228,860 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 3rd quarter worth $4,878,000. Kovack Advisors Inc. bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund during the 3rd quarter valued at about $319,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of First Trust High Yield Opportunities 2027 Term Fund by 3.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 81,960 shares of the company’s stock valued at $1,239,000 after purchasing an additional 2,589 shares during the last quarter.