First Trust High Income Long/Short Fund (NYSE:FSD) to Issue Monthly Dividend of $0.11

First Trust High Income Long/Short Fund (NYSE:FSD) declared a monthly dividend on Monday, August 21st, NASDAQ reports. Stockholders of record on Tuesday, September 5th will be paid a dividend of 0.105 per share on Friday, September 15th. This represents a $1.26 annualized dividend and a dividend yield of 11.34%. The ex-dividend date of this dividend is Friday, September 1st.

First Trust High Income Long/Short Fund Price Performance

Shares of NYSE:FSD opened at $11.11 on Thursday. First Trust High Income Long/Short Fund has a 52-week low of $10.53 and a 52-week high of $12.30. The stock has a 50 day moving average price of $11.32 and a 200-day moving average price of $11.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in First Trust High Income Long/Short Fund by 1.2% during the 2nd quarter. Osaic Holdings Inc. now owns 358,991 shares of the company’s stock valued at $4,107,000 after buying an additional 4,193 shares in the last quarter. Royal Bank of Canada increased its position in First Trust High Income Long/Short Fund by 5.6% during the 2nd quarter. Royal Bank of Canada now owns 223,772 shares of the company’s stock valued at $2,560,000 after buying an additional 11,894 shares in the last quarter. Stifel Financial Corp increased its position in First Trust High Income Long/Short Fund by 2.6% during the 2nd quarter. Stifel Financial Corp now owns 67,643 shares of the company’s stock valued at $774,000 after buying an additional 1,725 shares in the last quarter. JPMorgan Chase & Co. increased its position in First Trust High Income Long/Short Fund by 109.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,952 shares of the company’s stock valued at $68,000 after buying an additional 3,115 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in First Trust High Income Long/Short Fund by 20.4% during the 1st quarter. Ameriprise Financial Inc. now owns 343,249 shares of the company’s stock valued at $3,911,000 after purchasing an additional 58,155 shares during the last quarter.

About First Trust High Income Long/Short Fund

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.