First Trust High Income Long/short Fund (FSD) Hits New 1-Year Low at $13.57

Shares of First Trust High Income Long/short Fund (NYSE:FSD) hit a new 52-week low during trading on Thursday . The stock traded as low as $13.57 and last traded at $13.69, with a volume of 3180 shares changing hands. The stock had previously closed at $13.80.

The business also recently announced a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Tuesday, December 4th will be issued a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 9.21%. The ex-dividend date of this dividend is Monday, December 3rd.

A number of hedge funds have recently made changes to their positions in FSD. Vident Investment Advisory LLC bought a new stake in First Trust High Income Long/short Fund in the third quarter valued at approximately $5,726,000. Shaker Financial Services LLC boosted its holdings in First Trust High Income Long/short Fund by 571.2% in the second quarter. Shaker Financial Services LLC now owns 256,050 shares of the company’s stock valued at $3,772,000 after acquiring an additional 217,904 shares during the last quarter. BlackRock Inc. bought a new stake in First Trust High Income Long/short Fund in the second quarter valued at approximately $2,997,000. Saba Capital Management L.P. bought a new stake in First Trust High Income Long/short Fund in the second quarter valued at approximately $2,839,000. Finally, Wolverine Asset Management LLC boosted its holdings in First Trust High Income Long/short Fund by 510.0% in the second quarter. Wolverine Asset Management LLC now owns 121,808 shares of the company’s stock valued at $1,794,000 after acquiring an additional 101,841 shares during the last quarter.

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First Trust High Income Long/short Fund Company Profile (NYSE:FSD)

First Trust High Income Long/Short Fund is a closed-ended fixed-income mutual fund launched and managed by First Trust Advisors, L.P. It is co-managed by MacKay Shields LLC. The fund invests in fixed-income markets across the globe. It primarily invests in high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade, including corporate bonds, debentures, notes, and commercial papers.

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