First Trust High Income Long/short Fund (NYSE:FSD) Shares Down 0.7%

First Trust High Income Long/short Fund (NYSE:FSD)’s stock price was down 0.7% during mid-day trading on Wednesday . The stock traded as low as $14.56 and last traded at $14.61, approximately 900 shares traded hands during trading. A decline of 99% from the average daily volume of 90,517 shares. The stock had previously closed at $14.71.

The company has a 50 day moving average of $14.89 and a 200-day moving average of $14.64.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, August 2nd were paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 9.00%. The ex-dividend date was Thursday, August 1st.

A number of large investors have recently bought and sold shares of the stock. Capital Investment Advisors LLC boosted its stake in First Trust High Income Long/short Fund by 3.4% during the second quarter. Capital Investment Advisors LLC now owns 27,410 shares of the company’s stock valued at $412,000 after buying an additional 897 shares during the period. Envestnet Asset Management Inc. boosted its stake in First Trust High Income Long/short Fund by 10.0% during the second quarter. Envestnet Asset Management Inc. now owns 14,837 shares of the company’s stock valued at $223,000 after buying an additional 1,350 shares during the period. Advisory Services Network LLC boosted its stake in First Trust High Income Long/short Fund by 1,906.5% during the second quarter. Advisory Services Network LLC now owns 1,846 shares of the company’s stock valued at $28,000 after buying an additional 1,754 shares during the period. Manchester Financial Inc. bought a new stake in First Trust High Income Long/short Fund during the second quarter valued at $52,000. Finally, NEXT Financial Group Inc boosted its stake in First Trust High Income Long/short Fund by 229.3% during the second quarter. NEXT Financial Group Inc now owns 5,268 shares of the company’s stock valued at $79,000 after buying an additional 3,668 shares during the period.

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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