First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Strong Trading Volume – Still a Buy?

Posted by Faye Duncan on Dec 17th, 2024

First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 72,461 shares were traded during trading, a decline of 46% from the previous session’s volume of 133,581 shares.The stock last traded at $67.09 and had previously closed at $67.27.

First Trust Long/Short Equity ETF Trading Down 0.3 %

The company has a market capitalization of $1.33 billion, a P/E ratio of 19.46 and a beta of 0.62. The firm has a fifty day moving average of $65.33 and a 200 day moving average of $63.61.

Institutional Trading of First Trust Long/Short Equity ETF

Large investors have recently made changes to their positions in the stock. Meadow Creek Wealth Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 1.7% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 9,699 shares of the company’s stock worth $616,000 after purchasing an additional 165 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 4.6% in the 3rd quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock worth $331,000 after buying an additional 228 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of First Trust Long/Short Equity ETF by 4.2% in the third quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock worth $741,000 after acquiring an additional 474 shares during the period. Raymond James Trust N.A. increased its position in First Trust Long/Short Equity ETF by 2.4% during the third quarter. Raymond James Trust N.A. now owns 20,465 shares of the company’s stock valued at $1,299,000 after acquiring an additional 477 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after acquiring an additional 523 shares during the period.

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.