First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

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 business’s 50 day moving average price is $14.80 and its 200 day moving average price is $14.60.

First Trust High Yield Opportunities 2027 Term Fund Dividend Announcement

The business 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 10.05%. 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 other news, insider James A. Bowen purchased 17,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $14.75 per share, for a total transaction of $250,750.00. Following the purchase, the insider now directly owns 123,000 shares in the company, valued at $1,814,250. This trade represents a 16.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FTHY. Comerica Bank raised its position in First Trust High Yield Opportunities 2027 Term Fund by 45.9% in the first 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 period. Cetera Advisors LLC purchased a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund in the 1st quarter worth $622,000. Aurora Private Wealth Inc. raised its holdings in First Trust High Yield Opportunities 2027 Term Fund by 49.2% in the 2nd quarter. Aurora Private Wealth Inc. now owns 71,818 shares of the company’s stock worth $1,028,000 after purchasing an additional 23,669 shares during the period. Kennedy Investment Group lifted its position in First Trust High Yield Opportunities 2027 Term Fund by 1.3% during the second quarter. Kennedy Investment Group now owns 1,206,637 shares of the company’s stock valued at $17,279,000 after purchasing an additional 15,750 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in First Trust High Yield Opportunities 2027 Term Fund by 6.1% during the second quarter. Commonwealth Equity Services LLC now owns 688,465 shares of the company’s stock valued at $9,859,000 after purchasing an additional 39,287 shares during the period.