David McGarel, Officer-Investment Adviser at FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY), bought 10,000 shares at $12.92 ($129K) on 2026-09-25, disclosed to the SEC on 2026-09-28.
Officer-Investment Adviser David McGarel purchased 10,000 shares of FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND for $129,247, marking the largest purchase of his career. This significant insider buying in a high-yield fund could signal confidence in the current dividend yield and the fund's ability to generate returns.
The fund is currently trading at $12.94, down 0.61% over the last 5 days and 5.13% over the last 90 days, but remains within 0.54% of its 52-week low of $12.87.
The fund recently paid a dividend of $0.13 per share on 2026-08-25, and the ex-dividend date was set for 2026-08-03. Additionally, the insider purchase represents the largest trade of McGarel's career.
The fund's 52-week high is $14.635, meaning the stock is currently trading 11.58% below its high, which could indicate limited upside potential in the near term.
Something here stands out, but not much.