First Trust High Income Long Short Fund Common Shares of Beneficial Interest (FSD)
FSD moved a median of +0.07% 30 minutes after news, and +0.09% by the close. How FSD actually reacts to news — the realized, point-in-time move the market made, measured across 61 labeled events over the last three years with zero look-ahead.
FSD’s median reaction, across the day.
| Horizon | Median | % positive | Events |
|---|---|---|---|
| 5-min | 0.00% | 43% | 56 |
| 30-min | +0.07% | 60% | 60 |
| 60-min | +0.09% | 68% | 60 |
| to close | +0.09% | 62% | 60 |
| Middle 50% of FSD reactions | -0.04% to +0.35% |
|---|---|
| Median reaction (30-min) | +0.07% |
| Measured reactions | 61 |
Half of all First Trust High Income Long Short Fund Common Shares of Beneficial Interest news events land between -0.04% and +0.35% at 30 minutes.
Reaction stats as of 2026-09-21. Newest measured event . Reaction = percent move vs. the price at the news timestamp.
Email me when FSD moves on news.
One email per qualifying move — the headline, the measured reaction, and how it compares to FSD's baseline. Nothing else.
Recent FSD events, each with its measured reaction.
| Date | Headline | Event | Source | 5-min | To close |
|---|---|---|---|---|---|
| Form N-CSRS FIRST TRUST HIGH INCOME For: Apr 30 | SEC filing · Form N-CSRS | SEC EDGAR | +0.01% | +0.25% | |
| First Trust Announces Timing of Reorganization of First Trust High Income Long/Short Fund with and into abrdn Income Credit Strategies Fund | Press release | Business Wire | +0.08% | -0.08% | |
| Form NPORT-P FIRST TRUST HIGH INCOME For: Apr 30 | SEC filing · Form NPORT-P | SEC EDGAR | +0.04% | +0.04% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for July | Press release | Business Wire | +0.25% | -0.17% | |
| First Trust Announces Results of Joint Special Meeting of Shareholders Relating to the Reorganizations of First Trust High Income Long/Short Fund and First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund | Press release | Business Wire | +0.00% | +0.84% | |
| Form 8-K FIRST TRUST HIGH INCOME For: May 31 | SEC filing · Form 8-K | SEC EDGAR | -0.16% | +0.67% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for June | Press release | Business Wire | +0.28% | -0.34% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.08% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.34% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | — | +0.07% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | -0.46% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.34% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.11% | -0.17% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.61% | +1.48% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | -0.17% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | -0.04% | -0.04% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for May | Press release | Business Wire | -0.08% | +1.31% | |
| First Trust Announces Adjournment of the Joint Special Meeting of Shareholders Relating to the Reorganizations of First Trust High Income Long/Short Fund and First Trust/abrdn Global Opportunity Income Fund | Press release | Business Wire | +0.52% | -0.18% | |
| Form 8-K FIRST TRUST HIGH INCOME For: Apr 18 | SEC filing · Form 8-K | SEC EDGAR | +0.52% | -0.18% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.04% | +0.17% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.17% | +1.05% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.04% | -0.21% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | -0.42% | |
| Form NPORT-P FIRST TRUST HIGH INCOME For: Jan 31 | SEC filing · Form NPORT-P | SEC EDGAR | — | +0.01% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | -0.04% | +0.08% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for April | Press release | Business Wire | +0.00% | +0.34% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.13% | +0.30% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.86% | +0.95% | |
| First Trust Announces Adjournment of the Joint Special Meeting of Shareholders | Press release | Business Wire | +0.00% | -0.47% | |
| Form 8-K FIRST TRUST HIGH INCOME For: Mar 07 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | -0.47% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | -0.47% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.04% | +0.00% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | — | -0.08% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.52% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganizations of First Trust High Income Long/Short Fund and First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund | Press release | Business Wire | +0.00% | +0.52% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for March | Press release | Business Wire | +0.00% | +0.52% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.52% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.16% | +0.09% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | -0.04% | +0.09% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.42% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for February | Press release | Business Wire | -0.38% | +0.59% | |
| Form N-CEN FIRST TRUST HIGH INCOME For: Oct 31 | SEC filing · Form N-CEN | SEC EDGAR | -0.07% | -0.15% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.34% | +0.51% | |
| Form DEFA14A FIRST TRUST HIGH INCOME | SEC filing · Form DEFA14A | SEC EDGAR | +0.43% | +0.87% | |
| Form N-CSR FIRST TRUST HIGH INCOME For: Oct 31 | SEC filing · Form N-CSR | SEC EDGAR | -0.09% | +0.00% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for January | Press release | Business Wire | +0.17% | +0.69% | |
| Form NPORT-P FIRST TRUST HIGH INCOME For: Oct 31 | SEC filing · Form NPORT-P | SEC EDGAR | +0.00% | +0.00% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for December | Press release | Business Wire | +0.44% | -0.09% | |
| Form 8-K FIRST TRUST HIGH INCOME For: Oct 23 | SEC filing · Form 8-K | SEC EDGAR | +1.07% | +0.88% | |
| First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for November | Press release | Business Wire | +1.07% | +0.88% |
Each reaction is the move the market actually made, measured from the news timestamp. Headlines link through to the FSD section they belong to.
Where else FSD is measured.
FSD earnings → · Analyst actions → · SEC filings →
Other Financial Services names, measured the same way
| Ticker | Events | Median 30-min | % positive |
|---|---|---|---|
| GLOBAL GAMING TECHS (BLKCF) | 61 | 0.00% | 41% |
| Fanhua Inc. - American depositary shares, each representing 20 ordinary shares (FANH) | 61 | 0.00% | 42% |
| India Fund, Inc. (The) (IFN) | 61 | -0.06% | 38% |
| MFC BANCORP LTD (MFCB) | 61 | +0.06% | 52% |
Same sector, same measurement: percent move vs. the price at the news timestamp, read at 30 minutes. Sample sizes differ, so the medians are comparable but the confidence behind them is not.
All Financial Services names, measured the same way →
Every ticker we measure the same way24
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Microsoft (MSFT)
How MSFT actually reacts to news, measured.
Advanced Micro Devices (AMD)
How AMD actually reacts to news, measured.
Amazon (AMZN)
How AMZN actually reacts to news, measured.
Alphabet (GOOG)
How GOOG actually reacts to news, measured.
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Walmart (WMT)
How WMT actually reacts to news, measured.
Eli Lilly (LLY)
How LLY actually reacts to news, measured.
UnitedHealth Group (UNH)
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Johnson & Johnson (JNJ)
How JNJ actually reacts to news, measured.
Exxon Mobil (XOM)
How XOM actually reacts to news, measured.
Home Depot (HD)
How HD actually reacts to news, measured.
Costco (COST)
How COST actually reacts to news, measured.
Mastercard (MA)
How MA actually reacts to news, measured.
Oracle (ORCL)
How ORCL actually reacts to news, measured.
Salesforce (CRM)
How CRM actually reacts to news, measured.
Bank of America (BAC)
How BAC actually reacts to news, measured.
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How KO actually reacts to news, measured.
Walt Disney (DIS)
How DIS actually reacts to news, measured.
Browse all tickers
Every name we’ve measured, in one place.
How the numbers are made.
How is First Trust High Income Long Short Fund Common Shares of Beneficial Interest's median reaction calculated?
Every labeled FSD news event is measured from its own timestamp: the last trade before the news is the base price, and the move is read at fixed horizons — 30 minutes of trading, then the close. The median across 61 events is what this page reports. Point-in-time, zero look-ahead: no event borrows information from a later one.
What counts as a positive reaction?
Any event whose price move is above zero at the horizon, relative to the last trade before the news timestamp. 60% of FSD's measured events are up at 30 minutes; the rest close the window flat or negative.
How often is this page updated?
The news table refreshes automatically as new events are labeled and priced. The reaction medians are re-pulled in batches from the dataset — the figures here are as of 2026-09-21.
Does FSD's past reaction predict its next one?
No. These are realized facts about past events, not forecasts. They describe a distribution — they say nothing certain about any future move.