First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $77.52 and last traded at $75.31, with a volume of 5305 shares traded. The stock had previously closed at $74.74.
First Trust Long/Short Equity ETF Price Performance
The company has a market capitalization of $2.46 billion, a PE ratio of 21.59 and a beta of 0.50. The company’s fifty day moving average is $74.31 and its 200-day moving average is $72.49.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Tidemark LLC purchased a new stake in First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares during the last quarter. Rossby Financial LCC raised its position in First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after buying an additional 176 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Long/Short Equity ETF during the first quarter valued at $75,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 801.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after buying an additional 1,307 shares during the last quarter.
First Trust Long/Short Equity ETF Company Profile
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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