Short Interest in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Increases By 167.2%

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 237,590 shares, a growth of 167.2% from the August 15th total of 88,908 shares. Based on an average daily volume of 125,838 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.7% of the company’s shares are sold short.

First Trust Long/Short Equity ETF Stock Up 0.4%

Shares of NYSEARCA:FTLS opened at $76.56 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 12-month low of $67.94 and a 12-month high of $77.52. The business has a fifty day simple moving average of $75.62 and a 200 day simple moving average of $73.64.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FTLS. LPL Financial LLC boosted its position in First Trust Long/Short Equity ETF by 6.7% in the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock worth $170,200,000 after purchasing an additional 149,648 shares during the last quarter. Entelevest LLC bought a new stake in First Trust Long/Short Equity ETF during the 4th quarter valued at $889,000. Hyundai Investments Co. Ltd. bought a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at $512,000. Independent Financial Group LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the first quarter worth about $1,270,000. Finally, Concorde Asset Management LLC lifted its stake in First Trust Long/Short Equity ETF by 64.6% in the 4th quarter. Concorde Asset Management LLC now owns 19,116 shares of the company’s stock worth $1,357,000 after purchasing an additional 7,500 shares in 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.