First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 142,321 shares, an increase of 75.1% from the June 30th total of 81,280 shares. Based on an average daily volume of 112,794 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the company’s shares are sold short.
Hedge Funds Weigh In On First Trust Long/Short Equity ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rossby Financial LCC grew its position in shares of 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 valued at $62,000 after acquiring an additional 176 shares during the period. CoreCap Advisors LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 14.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after purchasing an additional 185 shares during the period. HBW Advisory Services LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 2.8% in the 1st quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock worth $481,000 after purchasing an additional 186 shares during the period. Hilltop Holdings Inc. lifted its stake in First Trust Long/Short Equity ETF by 2.6% in 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 during the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in 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 last quarter.
First Trust Long/Short Equity ETF Stock Performance
Shares of NYSEARCA FTLS traded down $0.23 during midday trading on Friday, reaching $74.99. The stock had a trading volume of 111,264 shares, compared to its average volume of 114,015. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a twelve month low of $65.84 and a twelve month high of $77.52. The company’s 50 day moving average price is $74.37 and its 200 day moving average price is $72.59.
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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