First Trust High Income Long/Short Fund (NYSE:FSD) Stock Passes Above 50 Day Moving Average of $11.69

Shares of First Trust High Income Long/Short Fund (NYSE:FSD) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.69 and traded as high as $11.70. First Trust High Income Long/Short Fund shares last traded at $11.66, with a volume of 123,788 shares.

First Trust High Income Long/Short Fund Trading Down 0.3 %

The stock has a 50-day moving average price of $11.69 and a 200 day moving average price of $11.46.

First Trust High Income Long/Short Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 10.81%. The ex-dividend date is Wednesday, May 1st.

Institutional Investors Weigh In On First Trust High Income Long/Short Fund

Several large investors have recently modified their holdings of FSD. Sowell Financial Services LLC raised its position in First Trust High Income Long/Short Fund by 1.8% in the 4th quarter. Sowell Financial Services LLC now owns 72,700 shares of the company’s stock valued at $879,000 after purchasing an additional 1,300 shares during the last quarter. Founders Financial Alliance LLC increased its stake in First Trust High Income Long/Short Fund by 7.1% in the fourth quarter. Founders Financial Alliance LLC now owns 20,043 shares of the company’s stock valued at $242,000 after purchasing an additional 1,323 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of First Trust High Income Long/Short Fund by 7.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 28,864 shares of the company’s stock valued at $309,000 after buying an additional 1,886 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust High Income Long/Short Fund by 5.9% during the third quarter. Oppenheimer & Co. Inc. now owns 34,262 shares of the company’s stock worth $367,000 after buying an additional 1,907 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of First Trust High Income Long/Short Fund by 3.5% during the third quarter. D.A. Davidson & CO. now owns 63,495 shares of the company’s stock worth $681,000 after buying an additional 2,155 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.