First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Unusually-High Trading Volume – Here’s Why

by · The Markets Daily

Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) saw an uptick in trading volume on Friday . Approximately 267,627 shares were traded during mid-day trading, an increase of 131% from the previous session’s volume of 115,880 shares.The stock last traded at $76.78 and had previously closed at $77.02.

First Trust Long/Short Equity ETF Stock Down 0.3%

The business’s 50-day moving average is $75.27 and its two-hundred day moving average is $73.42. The company has a market capitalization of $2.53 billion, a P/E ratio of 21.59 and a beta of 0.50.

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

A number of large investors have recently added to or reduced their stakes in the company. Tidemark LLC purchased a new stake in First Trust Long/Short Equity ETF during the 4th quarter valued at about $29,000. Jones Financial Companies Lllp boosted its position in First Trust Long/Short Equity ETF by 1,462.5% during the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares during the period. Rossby Financial LCC grew its holdings in First Trust Long/Short Equity ETF by 25.4% in the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after acquiring an additional 176 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the first quarter valued at about $75,000. Finally, CoreCap Advisors LLC raised its stake in shares of First Trust Long/Short Equity ETF by 14.5% during the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock valued at $108,000 after acquiring an additional 185 shares during the last quarter.

About First Trust Long/Short Equity ETF

(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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