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 PE Ratio as of September 2024 (TTM) for First Trust High Income Long/Short Fund (FSD) is 11.98

According to First Trust High Income Long/Short Fund’s latest financial reports and current stock price. The company's current PE Ratio is 11.98. This represents a change of -426.44% compared to the average of -3.67 of the last 4 quarters.

First Trust High Income Long/Short Fund (FSD) Historical PE Ratio (quarterly & annually)

How has FSD PE Ratio performed in the past?

The mean historical PE Ratio of First Trust High Income Long/Short Fund over the last ten years is -57.60. The current 11.98 PE Ratio has changed -2179.90% with respect to the historical average. Over the past ten years (40 quarters), FSD's PE Ratio was at its highest in in the October 2021 quarter at 10.60. The PE Ratio was at its lowest in in the October 2023 quarter at -17.67.

Quarterly (TTM)
Annual

Average

-57.60

Median

8.47

Minimum

-535.72

Maximum

18.26

First Trust High Income Long/Short Fund (FSD) PE Ratio by Quarter and Year

Discovering the peaks and valleys of First Trust High Income Long/Short Fund PE Ratio, 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 PE Ratio = 18.26

Minimum Annual Increase = -5668.17%

Minimum Annual PE Ratio = -535.72

Quarterly (TTM)
Annual
YearPE RatioChange
202318.26-487.10%
2022-4.72-155.70%
20218.47-101.58%
2020-535.72-5668.17%
20199.62-124.90%
2018-38.64-527.29%
20179.04-40.80%
201615.28Infinity%

First Trust High Income Long/Short Fund (FSD) Average PE Ratio

How has FSD PE Ratio performed in the past?

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

3-year avg

7.34

5-year avg

-100.82

10-year avg

-57.60

First Trust High Income Long/Short Fund (FSD) PE Ratio vs. Peers

How is FSD’s PE Ratio compared to its peers?

First Trust High Income Long/Short Fund’s PE Ratio is greater than Franklin Limited Duration Income Trust (5.18), less than First Trust MLP and Energy Income Fund (17.03), greater than BlackRock Floating Rate Income Strategies Fund, Inc. (4.75), greater than Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (6.02), greater than Apollo Senior Floating Rate Fund Inc. (4.71), greater than First Trust/Abrdn Global Opportunity Income Fund (6.19), greater than Blackstone / GSO Long-Short Credit Income Fund (6.78), greater than Blackstone / GSO Senior Floating Rate Term Fund (4.59), greater than PGIM Global High Yield Fund, Inc (10.52), greater than Calamos Long/Short Equity & Dynamic Income Term Trust (0), greater than Virtus Global Multi-Sector Income Fund (10.45), greater than Western Asset Diversified Income Fund (6.49), less than Western Asset Investment Grade Defined Opportunity Trust Inc. (18.60), greater than Pioneer Floating Rate Fund, Inc. (9.29), greater than The Gabelli Equity Trust Inc. PFD-G (4.81), less than Pioneer Municipal High Income Advantage Fund, Inc. (55.71), greater than Nuveen Global High Income Fund (6.81), greater than Invesco Trust for Investment Grade Municipals (8.14), greater than Invesco Advantage Municipal Income Trust II (4.64), greater than Invesco Municipal Trust (4.27), greater than BlackRock MuniHoldings Fund, Inc. (-1020.56), greater than Invesco California Value Municipal Income Trust (4.59),

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