Media stories about First Trust High Income Long/short Fund (NYSE:FSD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Trust High Income Long/short Fund earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.686593251696 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of First Trust High Income Long/short Fund (FSD) traded up 0.54% during midday trading on Friday, reaching $16.84. 175,922 shares of the company traded hands. First Trust High Income Long/short Fund has a 1-year low of $14.91 and a 1-year high of $18.12. The stock has a 50 day moving average price of $17.11 and a 200 day moving average price of $16.94.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Thursday, August 3rd will be issued a $0.1262 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $1.51 dividend on an annualized basis and a yield of 9.04%. This is a positive change from First Trust High Income Long/short Fund’s previous monthly dividend of $0.13.
In other First Trust High Income Long/short Fund news, major shareholder Saba Capital Management, L.P. sold 41,646 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $17.29, for a total value of $720,059.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 479,320 shares of company stock worth $8,204,453 in the last 90 days.
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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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