Shaker Financial Services buys $1,500,135 stake in First Trust High Income Long/short Fund (FSD)

First Trust High Income Long/short Fund (FSD) : Shaker Financial Services scooped up 52,679 additional shares in First Trust High Income Long/short Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 97,984 shares of First Trust High Income Long/short Fund which is valued at $1,500,135.First Trust High Income Long/short Fund makes up approximately 1.01% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in FSD in the latest quarter, The investment management firm added 2,522 additional shares and now holds a total of 48,808 shares of First Trust High Income Long/short Fund which is valued at $743,346. First Trust High Income Long/short Fund makes up approx 0.02% of Hl Financial Services’s portfolio.Raymond James Trust N.a. reduced its stake in FSD by selling 2,123 shares or 11.55% in the most recent quarter. The Hedge Fund company now holds 16,253 shares of FSD which is valued at $243,470. First Trust High Income Long/short Fund makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

First Trust High Income Long/Short Fund (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is 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. Corporate fixed-income securities include corporate bonds debentures notes commercial paper and other similar types of corporate debt instruments including instruments issued by corporations with direct or indirect government ownership as well as asset-backed securities preferred shares loan participations and assignments and payment-in-kind securities. MacKay Shields LLC (MacKay) is a sub-advisor to the Fund.

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