First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) saw strong trading volume on Monday . 344,730 shares traded hands during trading, an increase of 130% from the previous session’s volume of 150,109 shares.The stock last traded at $64.43 and had previously closed at $64.14.
First Trust Long/Short Equity ETF Stock Up 0.4 %
The stock has a 50 day moving average price of $66.64 and a two-hundred day moving average price of $65.42. The firm has a market cap of $1.89 billion, a PE ratio of 24.12 and a beta of 0.50.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FTLS. SBI Securities Co. Ltd. acquired a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter worth $34,000. Comprehensive Financial Planning Inc. PA purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth about $36,000. Wells Fargo & Company MN raised its position in shares of First Trust Long/Short Equity ETF by 775.0% during the 4th quarter. Wells Fargo & Company MN now owns 735 shares of the company’s stock valued at $48,000 after buying an additional 651 shares during the period. Blue Trust Inc. acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $52,000. Finally, Tucker Asset Management LLC grew its position in First Trust Long/Short Equity ETF by 45.7% in the fourth quarter. Tucker Asset Management LLC now owns 861 shares of the company’s stock worth $57,000 after acquiring an additional 270 shares during the period.
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.
Featured Articles
- Five stocks we like better than First Trust Long/Short Equity ETF
- 3 Fintech Stocks With Good 2021 Prospects
- Can TikTok Stock Picks Really Make You Rich?
- Stock Average Calculator
- The “Quality” Rotation: Back to Basics Investing
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for First Trust Long/Short Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Long/Short Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.