First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Reaches New 1-Year High – What’s Next?

First Trust Long/Short Equity ETF (NYSEARCA:FTLS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $75.11 and last traded at $74.88, with a volume of 21395 shares trading hands. The stock had previously closed at $74.50.

First Trust Long/Short Equity ETF Stock Performance

The firm’s 50 day moving average is $73.73 and its 200-day moving average is $71.93. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50.

Institutional Investors Weigh In On First Trust Long/Short Equity ETF

Hedge funds have recently modified their holdings of the company. Rossby Financial LCC boosted its holdings 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 worth $62,000 after purchasing an additional 176 shares during the last quarter. HBW Advisory Services LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 2.8% in 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 during the last quarter. Hilltop Holdings Inc. increased its holdings in shares of 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. J.Safra Asset Management Corp boosted its stake in First Trust Long/Short Equity ETF by 10.2% during the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock worth $182,000 after buying an additional 236 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in First Trust Long/Short Equity ETF by 0.6% during the first quarter. Sigma Planning Corp now owns 38,410 shares of the company’s stock worth $2,702,000 after buying an additional 240 shares during the last quarter.

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.