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First Trust Highome Long/Short Fund (First Trust Highome Long/Short Fund) Market Cap

: $377.85 Mil (As of Today)
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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). First Trust Highome Long/Short Fund's share price for the quarter that ended in Oct. 2023 was $10.48. First Trust Highome Long/Short Fund's Shares Outstanding (EOP) for the quarter that ended in Oct. 2023 was 33.29 Mil. Therefore, First Trust Highome Long/Short Fund's market cap for the quarter that ended in Oct. 2023 was $348.89 Mil.

First Trust Highome Long/Short Fund's quarterly market cap increased from Oct. 2022 ($369.62 Mil) to Apr. 2023 ($379.52 Mil) but then declined from Apr. 2023 ($379.52 Mil) to Oct. 2023 ($348.89 Mil).

First Trust Highome Long/Short Fund's annual market cap declined from Oct. 2021 ($537.20 Mil) to Oct. 2022 ($369.62 Mil) and declined from Oct. 2022 ($369.62 Mil) to Oct. 2023 ($348.89 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. First Trust Highome Long/Short Fund's Enterprise Value for Today is $461.65 Mil.


First Trust Highome Long/Short Fund Market Cap Historical Data

The historical data trend for First Trust Highome Long/Short Fund's Market Cap 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.

* Premium members only.

First Trust Highome Long/Short Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Market Cap
Premium Member Only Premium Member Only 532.52 453.84 537.20 369.62 348.89

First Trust Highome Long/Short Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Market Cap Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 537.20 429.42 369.62 379.52 348.89

Competitive Comparison

For the Asset Management subindustry, First Trust Highome Long/Short Fund's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Trust Highome Long/Short Fund Market Cap Distribution

For the Asset Management industry and Financial Services sector, First Trust Highome Long/Short Fund's Market Cap distribution charts can be found below:

* The bar in red indicates where First Trust Highome Long/Short Fund's Market Cap falls into.



First Trust Highome Long/Short Fund Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

First Trust Highome Long/Short Fund's Market Cap for the fiscal year that ended in Oct. 2023 is calculated as

Market Cap (A: Oct. 2023 )=Share Price (A: Oct. 2023 )*Shares Outstanding (EOP) (A: Oct. 2023 )
=$10.48*33.291
=$348.89

First Trust Highome Long/Short Fund's Market Cap for the quarter that ended in Oct. 2023 is calculated as

Market Cap (Q: Oct. 2023 )=Share Price (Q: Oct. 2023 )*Shares Outstanding (EOP) (Q: Oct. 2023 )
=$10.48*33.291
=$348.89

* 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 Highome Long/Short Fund  (NYSE:FSD) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


First Trust Highome Long/Short Fund Market Cap Related Terms

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First Trust Highome Long/Short Fund (First Trust Highome Long/Short Fund) Business Description

Traded in Other Exchanges
N/A
Address
120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
First Trust High Income Long/Short Fund is a diversified, closed-end management investment company based in the United States. The fund's objective is to provide a high current income to its investors. Its secondary objective is capital appreciation. It seeks to achieve its objectives by investing in a diversified portfolio in the United States. The fund holds an interest in various sectors, such as basic industry, healthcare, capital goods, telecommunications, automotive, banking, media, energy, leisure, insurance, technology and electronics, transportation, financial services and others.
Executives
Bronwyn Wright director FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Cameron S White other: Portfolio Manager Sub-Advisor MACKAY SHIELDS, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
M Keefe Denise director C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Eric Gold other: Portfolio Manager Sub-Advisor C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kelly Catherine Dehler other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske other: Officer - Investment Advisor FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Shu Yang Tan other: Portfolio Mgr. Sub-Advisor MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105
Matthew Lowry Jacob other: Portfolio Mgr. Sub-Advisor MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105
Joseph Raymond Cantwell other: Portfolio Mgr. Sub-Advisor ALCENTRA NY, LLC, 200 PARK AVENUE, NEW YORK NY 10106
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
David Mcgarel other: Officer - Investment Adviser C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen director, officer: President, other: Officer - Investment Adviser C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Louis N. Cohen other: Member of Investment Team MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Shane Shannon officer: Assistant Secretary FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187

First Trust Highome Long/Short Fund (First Trust Highome Long/Short Fund) Headlines

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