Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $75.11 and last traded at $74.88, with a volume of 21395 shares. The stock had previously closed at $74.50.
First Trust Long/Short Equity ETF Stock Performance
The stock has a market cap of $2.32 billion, a PE ratio of 21.59 and a beta of 0.50. The firm has a fifty day moving average price of $73.73 and a 200 day moving average price of $71.93.
Institutional Investors Weigh In On First Trust Long/Short Equity ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Burkett Financial Services LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the third quarter worth about $28,000. Tidemark LLC acquired a new stake in First Trust Long/Short Equity ETF in the 4th quarter worth approximately $29,000. Jones Financial Companies Lllp grew 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 worth $30,000 after purchasing an additional 468 shares during the last quarter. Rossby Financial LCC grew its position in First Trust Long/Short Equity ETF by 48.1% during 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 acquired a new position in First Trust Long/Short Equity ETF during the 1st quarter valued at 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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