The cluster of open-market buys by both an officer and an insider suggests confidence in the fund's near-term value or distribution yield. Monitor the fund's next portfolio update or NAV announcement for any catalyst that may have motivated the purchases.
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Executive Summary
Two insiders at First Trust High Yield Opportunities 2027 Term Fund (FTHY) made open-market purchases totaling $194K in a one-week window. The largest purchase was by Officer-Investment Adviser David McGarel ($129K), followed by insider William A. Housey Jr. ($65K). This cluster of insider buying is a modest positive signal for a closed-end fund, though the total dollar amount is small relative to the fund's likely market cap.
Key Financial Metrics
Key Facts
- Two insiders made open-market purchases totaling $194K in a 7-day window.
- Officer-Investment Adviser David McGarel purchased 10,000 shares at $12.92 for $129K on 2026-09-25.
- Insider William A. Housey Jr. purchased 5,000 shares at $12.90 for $65K on 2026-09-24.
- All transactions were open-market buys (code P) with no 10b5-1 plan indication.
- The cluster includes a C-suite-level officer (Investment Adviser), amplifying the signal.
Financial Impact
Total insider purchases of $194K represent a modest but notable signal for a closed-end fund; likely below 0.5% of market cap.
Risk Factors
- Total dollar amount ($194K) is small and may not be material relative to the fund's total market cap.
- No explicit catalyst or reason for the buying is provided in the filing.
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FTHY-1790607082007 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 29, 2026 27d ago | Insider Cluster | $12.90 $12.73 | ▼ −1.32% | ▼ −3.27% | $12.88 (−0.16%) |
Sep 28, 2026 28d ago | Insider Cluster | $12.85 $12.63 | ▼ −1.71% | ▼ −2.92% | $12.88 (+0.23%) |
US Market Status
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