First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sets New 1-Year High – Here’s What Happened

Posted by Faye Duncan on Dec 4th, 2024

First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $66.42 and last traded at $66.22, with a volume of 16054 shares traded. The stock had previously closed at $66.26.

First Trust Long/Short Equity ETF Trading Up 0.2 %

The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The firm’s 50-day moving average is $64.65 and its 200-day moving average is $63.23.

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

Several large investors have recently added to or reduced their stakes in FTLS. World Investment Advisors LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth approximately $21,644,000. LPL Financial LLC raised its position in First Trust Long/Short Equity ETF by 27.3% in the 2nd quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock valued at $97,766,000 after buying an additional 335,072 shares during the last quarter. International Assets Investment Management LLC lifted its stake in First Trust Long/Short Equity ETF by 4,639.2% during the 3rd quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock valued at $197,200,000 after acquiring an additional 304,146 shares in the last quarter. EdgeRock Capital LLC purchased a new position in First Trust Long/Short Equity ETF during the 2nd quarter worth $5,525,000. Finally, Proactive Wealth Strategies LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth $4,435,000.

About First Trust Long/Short Equity ETF

(Get Free Report)

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.