First Trust High Income Long/short Fund (NYSE:FSD) announced a monthly dividend on Friday, July 21st, Wall Street Journal reports. Stockholders of record on Thursday, August 3rd will be given a dividend of 0.1262 per share on Tuesday, August 15th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date of this dividend is Tuesday, August 1st. This is a positive change from First Trust High Income Long/short Fund’s previous monthly dividend of $0.13.
First Trust High Income Long/short Fund has decreased its dividend payment by an average of 8.6% annually over the last three years.
First Trust High Income Long/short Fund (FSD) traded up 0.12% during midday trading on Friday, hitting $17.15. 350,168 shares of the stock were exchanged. The firm has a 50-day moving average price of $17.14 and a 200-day moving average price of $16.88. First Trust High Income Long/short Fund has a one year low of $14.91 and a one year high of $18.12.
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In other First Trust High Income Long/short Fund news, major shareholder Saba Capital Management, L.P. sold 295,309 shares of First Trust High Income Long/short Fund stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $17.06, for a total value of $5,037,971.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 479,320 shares of company stock valued at $8,204,453.
First Trust High Income Long/short Fund Company Profile
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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