What is First Trust High Income Long/Short Fund (FSD)?

First Trust High Income Long/Short Fund (FSD) is a stock in the Financial Services sector, Asset Management - Income industry. View full analysis on Stocks360.

What is the current price of FSD?

The current price of FSD is $12.22. Prices are updated in real time on Stocks360.

What is FSD's price-to-earnings (PE) ratio?

FSD's trailing twelve-month PE ratio is 21.44, based on current price and earnings per share data available on Stocks360.

What is FSD's market capitalization?

FSD's market capitalization is $406,816,020.00, placing it in the small-cap tier.

Does FSD pay a dividend?

Yes. FSD has a trailing twelve-month dividend yield of 0.10%. Dividend data is sourced from financial market providers and displayed on Stocks360.

First Trust High Income Long/Short Fund (FSD)

Stock analysis · NYSE · Financial Services · Asset Management - Income

$12.22

Market Cap

$406.82M

PE (TTM)

21.44

EPS (TTM)

N/A

Dividend Yield

10.31%

Beta

0.75

Day Range

$12.22 – $12.49

52-wk Range

$10.20 – $12.63

Avg Volume

N/A

Volume

809.09K

First Trust High Income Long/Short Fund (FSD) is a publicly traded company in the Financial Services sector. Latest price: $12.22. Market cap $406.82M. Trailing PE 21.44. Dividend yield 10.31%. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.

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Proprietary Signals

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About First Trust High Income Long/Short Fund

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.

Valuation

Trailing twelve months. Multiples relative to current market price.
P/E (TTM)	21.44×
P/S (TTM)	20.60×
P/B	1.02×
PEG	0.21×
P/FCF (TTM)	25.79×
EV / EBITDA	25.45×
EV / Sales	24.84×
Earnings Yield	4.70%
Free Cash Flow Yield	3.88%
Dividend Yield	10.31%

Fundamentals

Trailing twelve months. Source: financial statements via market data.
Enterprise Value	$490.62M
Revenue (TTM)	$19.75M
Net Income (TTM)	$19.11M
Free Cash Flow (TTM)	$28.63M
Net Debt	$83.80M
Working Capital	$70.85M
Gross Margin	68.34%
Operating Margin	96.73%
Net Margin	96.73%
Return on Equity	4.66%
Return on Invested Capital	3.20%