First Trust high yield opportunities 2027 term fund director buys $725k in shares By

James A. Bowen, director and financial advisor of First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY), bought 50,000 shares of the company’s common stock, selling for about $725,000. The transaction, which took place on March 26, 2024, was reported at a price of $14.4982 per share.

The acquisition of these shares increases Bowen’s total holdings in the fund to 70,000 shares, representing a significant investment in a valuable asset. This move by the manager is often seen by investors as a sign of confidence in the future performance of the fund and its prospects.

First Trust High Yield Opportunities 2027 Term Fund is known for its focus on high yielding debt instruments, and works with the objective of providing investors with high returns. The fund’s strategy usually involves investing in a variety of stocks with low or low interest rates that expire in 2027.

Marketers and market managers are often interested in internal events such as these to determine the company’s vision. Insider buying may reflect the belief that the stock is cheap or that there are good things coming for the company.

The disclosures were made as required by the Securities and Exchange Commission and are available for public inspection. Bowen’s purchase represents an informed investment by someone who knows the fund’s performance and strategies well.

Shareholders and potential investors in First Trust High Yield Opportunities 2027 Term Fund may consider insider trading as part of their analysis when making investment decisions related to stocks.

InvestingPro Insights

Following James A. Bowen’s buys on the First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY), current and prospective investors can see the fund’s near-term performance and high yield potential. The fund’s interest rate is an impressive 10.77% as of recently, which is an important figure for investors looking for cash. The previous date of the last dividend was March 1, 2024, indicating that shareholders who invested before that date were eligible for the most recent dividend.

InvestingPro Data also shows that FTHY has experienced an upward trend in price, with a 1-week price return of 1.26%, and a one-month price return of 0.83%. For the long-term, the 3-month rate of return is 6.61%, and the 6-month rate of return is 15.01%. Year-to-date, the fund has returned 6.92%, and over the past year, it has provided 18.85% total return to investors. This consistent performance is possible because the fund’s price is at 98.3% of its 52-week high, which indicates that the market is very strong.

With a daily volume over the past three months of 0.18 million USD, foreign exchange seems to be doing poorly for this fund. Investors who see the payouts as well as productivity are motivated.

InvestingPro’s recommendations suggest that this insider buying, combined with the fund’s high yields and favorable price returns, could reflect a positive outlook for FTHY. For those who want a deeper analysis, InvestingPro provides additional advice; there are currently 15 other tips available on the platform. Interested buyers may consider using coupons PRONEWS24 to earn an additional 10% on annual or bi-annual Pro and Pro+ subscriptions, giving you access to this valuable information.

This article was created with the help of AI and reviewed by an editor. For more information see our T&C.

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