First Trust High Income Long/Short Fund
First Trust High Income Long/Short Fund
Your view on FSD
Overview
What the company does, where it operates, and who runs it.
About First Trust High Income Long/Short Fund
- Industry
- Asset Management - Income
- Sector
- Financial Services
- CEO
- Louis N. Cohen CFA
- Headquarters
- 120 East Liberty Drive, Wheaton, IL, US
- Industry
- Asset Management - Income
- Sector
- Financial Services
- CEO
- Louis N. Cohen CFA
- Headquarters
- 120 East Liberty Drive, Wheaton, IL, US
The First Trust High Income Long/Short Fund, known by its ticker FSD, is a U.S.-domiciled, closed-ended investment vehicle primarily focused on fixed-income securities. Established on June 18, 2010, it is managed by First Trust Advisors, L.P., with MacKay Shields LLC serving as co-manager. The fund's objective is to achieve high income by investing in fixed-income markets globally. Its portfolio predominantly consists of high-yield corporate debt instruments, such as bonds, debentures, notes, and commercial papers, which are typically rated below investment grade and have diverse maturity dates. To construct its holdings, the fund employs a combination of fundamental analysis and a long/short strategy. This rigorous analytical process evaluates factors like the type, size, and cost of individual securities, scrutinizes the financial health, creditworthiness, and cash flow generation of issuing companies, and considers broader market influences. The fund's performance is measured against the Bank of America Merrill Lynch U.S. High Yield Master II Constrained Index.
Media
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Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks the stock is worth vs. the current price.
FRC's fair value estimate for First Trust High Income Long/Short Fund, and the rating behind it. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for First Trust High Income Long/Short Fund. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for First Trust High Income Long/Short Fund. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for First Trust High Income Long/Short Fund. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for First Trust High Income Long/Short Fund. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
First Trust High Income Long/Short Fund valued side by side against its closest peers. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
Which funds and firms own the stock.
Which institutions hold First Trust High Income Long/Short Fund, and how their positions are changing. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings.
Insider Trading
Recent buying and selling by company executives.
Buying and selling by First Trust High Income Long/Short Fund executives and directors. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned.
Senate Trading
U.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming First Trust High Income Long/Short Fund. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely.
House Trading
U.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming First Trust High Income Long/Short Fund. Representatives' reported transactions in this security, shown next to the company's fundamentals.
News
Latest headlines and market coverage.
Latest headlines and company announcements for First Trust High Income Long/Short Fund. Press releases and market coverage, newest first.