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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. First Trust Strategic High Fund II's average basic shares outstanding for the quarter that ended in Oct. 2017 was 8.03 Mil.
The historical data trend for First Trust Strategic High Fund II's Shares Outstanding (Basic Average) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Trust Strategic High Fund II Annual Data | |||
Trend | Oct17 | ||
Shares Outstanding (Basic Average) | 8.03 |
First Trust Strategic High Fund II Semi-Annual Data | |
Oct17 | |
Shares Outstanding (Basic Average) | 8.03 |
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
First Trust Strategic High Fund II (NYSE:FHY) Shares Outstanding (Basic Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Thank you for viewing the detailed overview of First Trust Strategic High Fund II's Shares Outstanding (Basic Average) provided by GuruFocus.com. Please click on the following links to see related term pages.
Shane Shannon | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Katherine L Urevig | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Donald Swade | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Rosanne Gatta | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187 |
Mark Shipley | other: Officer-Investment Sub-Advisor | C/O BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST, 15TH FL, NEW YORK NY 10281-1023 |
Dana Erikson | other: Portfolio Manager-Sub-Advisor | HYPERION BROOKFIELD ASSET MGMT., INC., 3 WFC, 200 VESEY STREET, 10TH FLOOR, NEW YORK NY 10281-1010 |
Anthony A. Breaks | other: Portfolio Manager-Sub-Advisor | C/O BROOKFIELD INVESTMENT MGMT. INC, BROOKFIELD, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023 |
Brookfield Investment Management Inc. | other: Investment Sub-Advisor | BROOKFIELD PLACE, 225 LIBERTY STREET, 43RD FLOOR, NEW YORK NY 10281 |
Erin E Klassman | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187 |
Lynch Coleen D | officer: Assistant Vice President | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kathleen Wieland Brown | other: Officer-Investment Adviser | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Christopher R Fallow | officer: Assistant Vice President | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kelley Christensen | officer: Vice President | C/O FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532 |
Joseph D Mcdermott | other: Officer-Investment Adviser | FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532 |
Robert F Keith | director | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
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