First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Short Interest Up 138.8% in January

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 108,423 shares, a growth of 138.8% from the December 31st total of 45,401 shares. Based on an average daily volume of 149,419 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 149,419 shares, the short-interest ratio is presently 0.7 days.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock traded down $0.17 during trading on Friday, hitting $71.72. The stock had a trading volume of 435,156 shares, compared to its average volume of 154,743. The company’s 50 day moving average price is $71.27 and its two-hundred day moving average price is $69.60. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.20.

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

Several large investors have recently made changes to their positions in FTLS. Root Financial Partners LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC grew its holdings in First Trust Long/Short Equity ETF by 87.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock valued at $28,000 after purchasing an additional 186 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in First Trust Long/Short Equity ETF during the 3rd quarter valued at $28,000. Creekmur Asset Management LLC purchased a new stake in First Trust Long/Short Equity ETF during the 2nd quarter worth $27,000. Finally, Farther Finance Advisors LLC lifted its holdings in First Trust Long/Short Equity ETF by 456.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $31,000 after buying an additional 383 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.