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

Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) reached a new 52-week high on Tuesday . The stock traded as high as $75.12 and last traded at $75.12, with a volume of 2730 shares traded. The stock had previously closed at $74.62.

First Trust Long/Short Equity ETF Stock Performance

The stock has a market cap of $2.46 billion, a P/E ratio of 21.59 and a beta of 0.50. The business has a 50 day simple moving average of $74.17 and a 200-day simple moving average of $72.27.

Hedge Funds Weigh In On First Trust Long/Short Equity ETF

Several institutional investors have recently added to or reduced their stakes in FTLS. Rossby Financial LCC increased its holdings in First Trust Long/Short Equity ETF by 25.4% during the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after buying an additional 176 shares during the last quarter. CoreCap Advisors LLC boosted its stake in First Trust Long/Short Equity ETF by 14.5% in the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock valued at $108,000 after acquiring an additional 185 shares during the last quarter. HBW Advisory Services LLC grew its position in shares of First Trust Long/Short Equity ETF by 2.8% during the 1st quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock valued at $481,000 after acquiring an additional 186 shares during the period. Hilltop Holdings Inc. grew its position in shares of First Trust Long/Short Equity ETF by 2.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock valued at $549,000 after acquiring an additional 196 shares during the period. Finally, J.Safra Asset Management Corp grew its position in shares of First Trust Long/Short Equity ETF by 10.2% during the 4th quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock valued at $182,000 after acquiring an additional 236 shares during the period.

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.