Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $75.09 and last traded at $74.99, with a volume of 31637 shares changing hands. The stock had previously closed at $74.73.
First Trust Long/Short Equity ETF Price Performance
The stock has a market capitalization of $2.31 billion, a P/E ratio of 21.59 and a beta of 0.50. The stock’s fifty day moving average is $73.59 and its 200-day moving average is $71.89.
Institutional Trading of First Trust Long/Short Equity ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Burkett Financial Services LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $28,000. Tidemark LLC bought a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $29,000. Jones Financial Companies Lllp lifted its holdings in First Trust Long/Short Equity ETF by 1,462.5% in the 1st 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 lifted its holdings in First Trust Long/Short Equity ETF by 48.1% in the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after purchasing an additional 225 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in First Trust Long/Short Equity ETF during the first quarter worth approximately $75,000.
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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