First Trust High Yield Opportunities director buys $433,842 in shares

Published 13/03/2025, 17:52
First Trust High Yield Opportunities director buys $433,842 in shares

James A. Bowen, a director and officer at First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY), recently increased his stake in the company. The fund, which offers an attractive 10.4% dividend yield and has delivered an 11.4% return over the past year, maintains a "GOOD" financial health score according to InvestingPro analysis. On March 12, Bowen purchased 30,000 common shares at an average price of $14.4614 per share, totaling approximately $433,842. Following this acquisition, Bowen now owns 169,500 shares directly. This move reflects Bowen’s continued confidence in the fund’s prospects, with the current share price of $14.37 sitting comfortably above its 52-week low of $13.80 while maintaining room for growth toward its 52-week high of $15.13.

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