First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $75.12 and last traded at $75.12, with a volume of 2730 shares. The stock had previously closed at $74.62.
First Trust Long/Short Equity ETF Price Performance
The company has a market cap of $2.45 billion, a PE ratio of 21.59 and a beta of 0.50. The business has a 50-day moving average of $74.20 and a 200 day moving average of $72.31.
Institutional Investors Weigh In On First Trust Long/Short Equity ETF
Several hedge funds and other institutional investors have recently made changes to their positions in FTLS. NewEdge Advisors LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 32.6% in the first quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock worth $470,000 after buying an additional 1,803 shares during the last quarter. Jones Financial Companies Lllp raised its position in 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 acquiring an additional 468 shares during the period. Focus Partners Wealth raised its position in First Trust Long/Short Equity ETF by 6.6% in the first quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock worth $1,468,000 after acquiring an additional 1,414 shares during the period. Cerity Partners LLC raised its position in First Trust Long/Short Equity ETF by 57.7% in the second quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock worth $3,666,000 after acquiring an additional 20,225 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of First Trust Long/Short Equity ETF during the 2nd quarter worth $344,000.
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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