News articles about First Trust High Income Long/short Fund (NYSE:FSD) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Trust High Income Long/short Fund earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 48.3346357773409 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of First Trust High Income Long/short Fund (NYSE:FSD) traded down 0.47% during mid-day trading on Friday, hitting $16.79. 70,838 shares of the company were exchanged. The company’s market capitalization is $591.55 million. First Trust High Income Long/short Fund has a 12-month low of $14.91 and a 12-month high of $18.12. The firm has a 50 day moving average of $16.96 and a 200 day moving average of $16.97.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, September 6th will be paid a $0.1266 dividend. The ex-dividend date is Friday, September 1st. This is a positive change from First Trust High Income Long/short Fund’s previous monthly dividend of $0.13. This represents a $1.52 annualized dividend and a yield of 9.05%.
In other First Trust High Income Long/short Fund news, major shareholder Saba Capital Management, L.P. sold 38,087 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.21, for a total value of $655,477.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders sold 479,320 shares of company stock worth $8,204,453.
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About First Trust High Income Long/short Fund
First Trust High Income Long/Short Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of the United States and foreign, including emerging markets high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase.
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