Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) saw unusually-strong trading volume on Monday . 159,666 shares were traded during 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 0.2%
The company’s fifty day moving average is $73.93 and its 200-day moving average is $72.06. The company has a market cap of $2.28 billion, a PE ratio of 21.59 and a beta of 0.50.
Hedge Funds Weigh In On First Trust Long/Short Equity ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Burkett Financial Services LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth $28,000. Tidemark LLC bought a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at about $29,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 468 shares during the last quarter. Rossby Financial LCC boosted its position in First Trust Long/Short Equity ETF by 25.4% in the fourth 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. Finally, Cassaday & Co Wealth Management LLC purchased a new position in First Trust Long/Short Equity ETF in the first quarter worth about $75,000.
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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