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FSD Stock Summary and Trading Ideas (First Trust High Income Long Short Common Shares Of Beneficial Interest | NYSE:FSD)

First Trust High Income Long Short Common Shares Of Beneficial Interest (FSD) Frequently Asked Questions

What does First Trust High Income Long Short Common Shares Of Beneficial Interest do?

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 has a secondary objective of capital appreciation. The Fund will seek to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of U.S. 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. The Fund's investments in below-investment grade fixed-income securities are commonly referred to as “high-yield” or “junk” bonds and are considered speculative with respect to the issuer's capacity to pay interest and repay principal.

What symbol and exchange does First Trust High Income Long Short Common Shares Of Beneficial Interest stock trade?

First Trust High Income Long Short Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol FSD.

What is First Trust High Income Long Short Common Shares Of Beneficial Interest stock price doing today?

As of April 19, 2024, FSD stock price climbed to $11.47 with 11,043 million shares trading.

What is First Trust High Income Long Short Common Shares Of Beneficial Interest's Beta?

FSD has a beta of 0.94, meaning it tends to be less sensitive to market movements. FSD has a correlation of 0.56 to the broad based SPY ETF.

How much is First Trust High Income Long Short Common Shares Of Beneficial Interest worth?

FSD has a market cap of $381.85 million. This is considered a Small Cap stock.

What is the highest and lowest price First Trust High Income Long Short Common Shares Of Beneficial Interest traded in the last 3 year period?

In the last 3 years, FSD stock traded as high as $16.16 and as low as $10.20.

Is First Trust High Income Long Short Common Shares Of Beneficial Interest (FSD) a good investment?

FSD has underperformed the market in the last year with a return of +11.5%, while the SPY ETF gained +22.0%. In the last 3 month period, FSD fell short of the market, returning +1.2%, while SPY returned +5.0%. However, in the most recent 2 weeks FSD has outperformed the stock market by returning -0.2%, while SPY returned -2.8%.

What is the support and resistance for First Trust High Income Long Short Common Shares Of Beneficial Interest (FSD) stock price?

FSD support price is $11.33 and resistance is $11.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FSD stock will trade within this expected range on the day.