First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Short Interest Update

by · The Cerbat Gem

First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 59,951 shares, an increase of 163.8% from the November 30th total of 22,722 shares. Based on an average daily volume of 80,988 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 80,988 shares, the short-interest ratio is presently 0.7 days.

First Trust Long/Short Equity ETF Stock Down 0.0%

NYSEARCA:FTLS traded down $0.01 on Friday, reaching $71.75. The stock had a trading volume of 46,551 shares, compared to its average volume of 139,119. The company has a market capitalization of $2.09 billion, a P/E ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.20. The stock has a fifty day moving average price of $70.96 and a 200-day moving average price of $68.62.

Institutional Investors Weigh In On First Trust Long/Short Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after purchasing an additional 231,155 shares during the last quarter. Royal Bank of Canada boosted its stake in First Trust Long/Short Equity ETF by 11.1% in the first quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock valued at $126,261,000 after acquiring an additional 196,268 shares during the last quarter. Raymond James Financial Inc. grew its holdings in First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after acquiring an additional 209,579 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Long/Short Equity ETF by 7.6% during the 2nd quarter. Cetera Investment Advisers now owns 631,308 shares of the company’s stock valued at $41,843,000 after acquiring an additional 44,466 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock valued at $41,150,000 after purchasing an additional 8,523 shares during the period.

First Trust Long/Short Equity ETF Company Profile

(Get Free Report)

The First Trust Long\u002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. FTLS was launched on Sep 9, 2014 and is managed by First Trust.

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