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

First Trust High Income Long/Short Fund (NYSE:FSD – Get Rating) announced a monthly dividend on Monday, January 23rd, Zacks reports. Investors of record on Thursday, February 2nd will be paid a dividend of 0.105 per share on Wednesday, February 15th. This represents a $1.26 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date is Wednesday, February 1st.

First Trust High Income Long/Short Fund has decreased its dividend payment by an average of 0.8% annually over the last three years.

First Trust High Income Long/Short Fund Stock Down 0.6 %

Shares of First Trust High Income Long/Short Fund stock opened at $12.02 on Wednesday. The company has a fifty day moving average price of $11.49 and a 200 day moving average price of $11.52. First Trust High Income Long/Short Fund has a twelve month low of $10.53 and a twelve month high of $14.60.

Hedge Funds Weigh In On First Trust High Income Long/Short Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in First Trust High Income Long/Short Fund by 6.4% in the 1st quarter. Invesco Ltd. now owns 457,178 shares of the company’s stock valued at $6,154,000 after buying an additional 27,659 shares during the last quarter. UBS Group AG boosted its position in First Trust High Income Long/Short Fund by 3.3% in the 1st quarter. UBS Group AG now owns 285,518 shares of the company’s stock valued at $3,843,000 after buying an additional 9,067 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust High Income Long/Short Fund by 45.2% in the 1st quarter. Royal Bank of Canada now owns 214,654 shares of the company’s stock valued at $2,889,000 after buying an additional 66,834 shares during the last quarter. Guggenheim Capital LLC boosted its position in First Trust High Income Long/Short Fund by 29.4% in the 1st quarter. Guggenheim Capital LLC now owns 194,775 shares of the company’s stock valued at $2,622,000 after buying an additional 44,219 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in First Trust High Income Long/Short Fund by 18.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 212,720 shares of the company’s stock valued at $2,425,000 after buying an additional 33,800 shares during the last quarter.

About First Trust High Income Long/Short Fund

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First Trust High Income Long/Short Fund is a closed-end management investment company, which engages in the provision of current income. The fund was founded on June 18, 2010 and is headquartered in Wheaton, IL.