First Trust High Income Long/Short Fund (FSD) To Go Ex-Dividend on July 1st

First Trust High Income Long/Short Fund (NYSE:FSD – Get Rating) declared a monthly dividend on Tuesday, June 21st, Zacks reports. Stockholders of record on Tuesday, July 5th will be paid a dividend of 0.105 per share on Friday, July 15th. This represents a $1.26 annualized dividend and a dividend yield of 11.09%. The ex-dividend date is Friday, July 1st.

First Trust High Income Long/Short Fund has raised its dividend by an average of 0.6% per year over the last three years.

First Trust High Income Long/Short Fund stock opened at $11.36 on Thursday. First Trust High Income Long/Short Fund has a 52 week low of $11.19 and a 52 week high of $16.16. The business’s 50-day moving average price is $12.34 and its 200 day moving average price is $13.61.

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in First Trust High Income Long/Short Fund by 45.2% during the first quarter. Royal Bank of Canada now owns 214,654 shares of the company’s stock worth $2,889,000 after acquiring an additional 66,834 shares during the period. Saba Capital Management L.P. acquired a new stake in First Trust High Income Long/Short Fund in the first quarter valued at approximately $1,519,000. Guggenheim Capital LLC grew its holdings in First Trust High Income Long/Short Fund by 29.4% in the first quarter. Guggenheim Capital LLC now owns 194,775 shares of the company’s stock valued at $2,622,000 after purchasing an additional 44,219 shares during the period. Invesco Ltd. grew its holdings in First Trust High Income Long/Short Fund by 6.4% in the first quarter. Invesco Ltd. now owns 457,178 shares of the company’s stock valued at $6,154,000 after purchasing an additional 27,659 shares during the period. Finally, UBS Group AG grew its holdings in First Trust High Income Long/Short Fund by 3.3% in the first quarter. UBS Group AG now owns 285,518 shares of the company’s stock valued at $3,843,000 after purchasing an additional 9,067 shares during the period.

First Trust High Income Long/Short Fund Company Profile (Get Rating)

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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