First Trust High Income Long/Short Fund (NYSE:FSD) Stock Price Passes Above Fifty Day Moving Average of $12.15

First Trust High Income Long/Short Fund (NYSE:FSD)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.15 and traded as high as $12.49. First Trust High Income Long/Short Fund shares last traded at $12.22, with a volume of 809,000 shares traded.

First Trust High Income Long/Short Fund Stock Performance

The stock’s 50-day moving average is $12.15 and its two-hundred day moving average is $11.87.

First Trust High Income Long/Short Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date of this dividend was Monday, July 1st.

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

A number of hedge funds have recently modified their holdings of FSD. Park Avenue Securities LLC acquired a new stake in First Trust High Income Long/Short Fund in the first quarter valued at approximately $137,000. Pinnacle Wealth Planning Services Inc. boosted its position in shares of First Trust High Income Long/Short Fund by 7.8% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 13,679 shares of the company’s stock worth $163,000 after purchasing an additional 993 shares in the last quarter. High Net Worth Advisory Group LLC raised its stake in shares of First Trust High Income Long/Short Fund by 13.7% during the 1st quarter. High Net Worth Advisory Group LLC now owns 18,444 shares of the company’s stock worth $220,000 after buying an additional 2,216 shares during the last quarter. Founders Financial Alliance LLC raised its stake in First Trust High Income Long/Short Fund by 7.1% in the 4th 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 last quarter. Finally, Quarry LP acquired a new position in First Trust High Income Long/Short Fund in the 4th quarter valued at about $265,000.

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.