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 Current Ratio as of December 2025 (TTM) for First Trust High Income Long/Short Fund (FSD) is 32.51

According to First Trust High Income Long/Short Fund’s latest financial reports and current stock price. The company's current Current Ratio is 32.51. This represents a change of -1.61% compared to the average of 33.04 of the last 4 quarters.

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

How has FSD Current Ratio performed in the past?

The mean historical Current Ratio of First Trust High Income Long/Short Fund over the last ten years is 10.42. The current 32.51 Current Ratio has changed 31.11% with respect to the historical average. Over the past ten years (40 quarters), FSD's Current Ratio was at its highest in in the April 2023 quarter at 80.59. The Current Ratio was at its lowest in in the April 2024 quarter at 0.

Quarterly (TTM)
Annual

Average

10.42

Median

4.29

Minimum

0

Maximum

32.51

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

Discovering the peaks and valleys of First Trust High Income Long/Short Fund Current 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 Current Ratio = 32.51

Minimum Annual Increase = -56.63%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
202332.5170.46%
202219.07-0.53%
202119.17428.58%
20203.6368.61%
20192.15-56.63%
20184.96170.01%
20171.84Infinity%

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

How has FSD Current Ratio performed in the past?

The current Current 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

23.59

5-year avg

15.31

10-year avg

10.42

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

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

First Trust High Income Long/Short Fund’s Current Ratio is greater than First Trust MLP and Energy Income Fund (15.96), less than Allspring Large Cap Core Fund - Class R (0), greater than First Trust Energy Income and Growth Fund (0.20), less than BMO TCH Corporate Income Fund Class Y Shs (0), less than Carillon ClariVest Capital Appreciation Fund Class R5 (0), less than Brown Advisory Total Return Fund - Investor Shares (0), less than Glenmede Fund Core Fixed Income Portfolio (0), less than Morgan Stanley Insti Fd Tr Core Plus Fixed Income Portf. I Cl (0), less than MSIFT Core Plus Fixed Income Class A (0), greater than Tortoise Energy Infrastructure and Income Fund - Institutional Class (0),

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Frequently asked questions❓

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