First Trust High Income Long/short Fund (FSD) Reaches New 52-Week Low at $13.57

First Trust High Income Long/short Fund (NYSE:FSD) shares reached 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 traded. The stock had previously closed at $13.80.

The firm also recently declared a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Tuesday, December 4th will be paid a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 9.22%. The ex-dividend date is Monday, December 3rd.

Several large investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC acquired a new position in shares of First Trust High Income Long/short Fund in the third quarter worth about $5,726,000. Wells Fargo & Company MN lifted its stake in shares of First Trust High Income Long/short Fund by 4.2% in the third quarter. Wells Fargo & Company MN now owns 369,020 shares of the company’s stock worth $5,443,000 after acquiring an additional 14,873 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust High Income Long/short Fund by 6.7% in the second quarter. Bank of America Corp DE now owns 308,085 shares of the company’s stock worth $4,539,000 after acquiring an additional 19,453 shares in the last quarter. Shaker Financial Services LLC lifted its stake in shares of 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 worth $3,772,000 after acquiring an additional 217,904 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of First Trust High Income Long/short Fund by 53.6% in the second quarter. Raymond James & Associates now owns 234,743 shares of the company’s stock worth $3,458,000 after acquiring an additional 81,917 shares in the last quarter.

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About First Trust High Income Long/short Fund (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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