First Trust High Income Long/Short Fund

First Trust High Income Long/Short Fundverified

FSD

Price:

$12.22

Market Cap:

$406.82M

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. The fund employs fundamental analysis and a long/short strategy, with a focus on such factors as type, size, and cost of a security, financial statements of the issuer, credit quality and cash flow of the issuer, and evaluation of the forces which influence the market...[Read more]

Industry

Asset Management - Income

IPO Date

2010-09-28

Stock Exchange

NYSE

Ticker

FSD

The Enterprise Value as of September 2024 (TTM) for First Trust High Income Long/Short Fund (FSD) is 484.14M

According to First Trust High Income Long/Short Fund’s latest financial reports and current stock price. The company's current Enterprise Value is 484.14M. This represents a change of 7.92% compared to the average of 448.62M of the last 4 quarters.

First Trust High Income Long/Short Fund (FSD) Historical Enterprise Value (quarterly & annually)

How has FSD Enterprise Value performed in the past?

The mean historical Enterprise Value of First Trust High Income Long/Short Fund over the last ten years is 496.70M. The current 484.14M Enterprise Value has changed 9.65% with respect to the historical average. Over the past ten years (40 quarters), FSD's Enterprise Value was at its highest in in the April 2021 quarter at 646.91M. The Enterprise Value was at its lowest in in the April 2018 quarter at 19.41M.

Quarterly (TTM)
Annual

Average

496.70M

Median

541.48M

Minimum

0

Maximum

830.65M

First Trust High Income Long/Short Fund (FSD) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of First Trust High Income Long/Short Fund Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Enterprise Value = 830.65M

Minimum Annual Increase = -32.91%

Minimum Annual Enterprise Value = 0

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2023432.69M1.61%
2022425.84M-32.91%
2021634.74M17.22%
2020541.48M-0.43%
2019543.83M18.83%
2018457.63M-24.17%
2017603.46M-27.35%
2016830.65MInfinity%

First Trust High Income Long/Short Fund (FSD) Average Enterprise Value

How has FSD Enterprise Value performed in the past?

The current Enterprise Value of First Trust High Income Long/Short Fund (FSD) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

497.76M

5-year avg

515.71M

10-year avg

496.70M

First Trust High Income Long/Short Fund (FSD) Enterprise Value vs. Peers

How is FSD’s Enterprise Value compared to its peers?

First Trust High Income Long/Short Fund’s Enterprise Value is greater than Franklin Limited Duration Income Trust (379.31M), less than First Trust MLP and Energy Income Fund (539.10M), less than BlackRock Floating Rate Income Strategies Fund, Inc. (611.89M), less than Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (923.34M), greater than Apollo Senior Floating Rate Fund Inc. (329.38M), greater than First Trust/Abrdn Global Opportunity Income Fund (82.36M), greater than Blackstone / GSO Long-Short Credit Income Fund (243.91M), greater than Blackstone / GSO Senior Floating Rate Term Fund (275.10M), less than PGIM Global High Yield Fund, Inc (661.36M), greater than Calamos Long/Short Equity & Dynamic Income Term Trust (423.51M), greater than Virtus Global Multi-Sector Income Fund (132.50M), less than Western Asset Diversified Income Fund (1.17B), greater than Western Asset Investment Grade Defined Opportunity Trust Inc. (197.05M), greater than Pioneer Floating Rate Fund, Inc. (184.47M), less than The Gabelli Equity Trust Inc. PFD-G (1.68B), greater than Pioneer Municipal High Income Advantage Fund, Inc. (215.82M), greater than Nuveen Global High Income Fund (420.02M), less than Invesco Trust for Investment Grade Municipals (891.48M), less than Invesco Advantage Municipal Income Trust II (666.29M), less than Invesco Municipal Trust (866.68M), less than BlackRock MuniHoldings Fund, Inc. (665.45M), less than Invesco California Value Municipal Income Trust (861.74M),

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Frequently asked questions❓

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