Watch for potential NAV discount narrowing as insiders signal value. The fund's 2027 term structure creates a known catalyst for price convergence to NAV at maturity. Monitor next month for additional insider buying or any fund-level announcements.
Price Chart
Executive Summary
Two insiders at First Trust High Yield Opportunities 2027 Term Fund (FTHY) made open-market purchases totaling $261,611 over a 7-day window. The largest purchase was by Officer-Investment Adviser David McGarel ($129,247), followed by three purchases by William A. Housey Jr. ($132,364 combined). This cluster of insider buying, particularly by an officer, signals confidence in the fund's value at current prices, though the total dollar amount is modest relative to the fund's likely market cap.
Key Financial Metrics
Key Facts
- Two insiders made open-market purchases totaling $261,611 over 7 days
- Officer-Investment Adviser David McGarel purchased 10,000 shares at $12.9247 for $129,247
- William A. Housey Jr. made three purchases totaling 10,241 shares at $12.87-$12.95 for $132,364
- All transactions were open-market buys (code P) with no 10b5-1 plan indication
- The fund is a term fund with a 2027 maturity, providing a natural catalyst for NAV convergence
Financial Impact
Total insider purchases of $261,611 represent a modest but notable signal of insider conviction
Risk Factors
- Insider buying at a closed-end fund may reflect discount-to-NAV arbitrage rather than fundamental improvement
- Total purchase amount is small relative to fund size, limiting market impact
- No officer or director disclosed a 10b5-1 plan, but purchases could be part of a broader accumulation strategy
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FTHY-1790695405597 |
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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