First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 159,666 shares were traded during mid-day trading, an increase of 45% from the previous session’s volume of 109,978 shares.The stock last traded at $73.56 and had previously closed at $73.07.
First Trust Long/Short Equity ETF Stock Up 0.5%
The firm has a 50 day moving average price of $73.88 and a two-hundred day moving average price of $72.02. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Rossby Financial LCC boosted its position in shares of 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 purchasing an additional 176 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 2.8% during the first quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock valued at $481,000 after purchasing an additional 186 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in First Trust Long/Short Equity ETF by 2.6% during the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock valued at $549,000 after purchasing an additional 196 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of First Trust Long/Short Equity ETF by 10.2% in the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock valued at $182,000 after purchasing an additional 236 shares during the period. Finally, Sigma Planning Corp boosted its stake in First Trust Long/Short Equity ETF by 0.6% in the first quarter. Sigma Planning Corp now owns 38,410 shares of the company’s stock valued at $2,702,000 after acquiring an additional 240 shares in the last quarter.
About First Trust Long/Short Equity ETF
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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