First Trust High Income Long/Short Fund (NYSE:FSD) Stock Crosses Above 50 Day Moving Average of $11.70

First Trust High Income Long/Short Fund (NYSE:FSD) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.70 and traded as high as $11.87. First Trust High Income Long/Short Fund shares last traded at $11.82, with a volume of 68,345 shares changing hands.

First Trust High Income Long/Short Fund Stock Performance

The company’s 50 day moving average is $11.70 and its 200 day moving average is $11.52.

First Trust High Income Long/Short Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 2nd will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.26 dividend on an annualized basis and a yield of 10.66%.

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

Several large investors have recently modified their holdings of FSD. Park Avenue Securities LLC purchased a new stake in First Trust High Income Long/Short Fund in the 1st quarter valued at $137,000. High Net Worth Advisory Group LLC purchased a new stake in shares of First Trust High Income Long/Short Fund in the fourth quarter valued at about $196,000. Landscape Capital Management L.L.C. purchased a new position in shares of First Trust High Income Long/Short Fund during the third quarter worth about $229,000. Advisor Resource Council acquired a new position in First Trust High Income Long/Short Fund in the 4th quarter valued at about $240,000. Finally, Founders Financial Alliance LLC raised its stake in First Trust High Income Long/Short Fund by 7.1% during the 4th quarter. Founders Financial Alliance LLC now owns 20,043 shares of the company’s stock valued at $242,000 after acquiring an additional 1,323 shares during the last quarter.

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.