First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sets New 12-Month Low – What’s Next?

Shares of First Trust Long/Short Equity ETF ( NYSEARCA:FTLS – Get Free Report ) reached a new 52-week low during trading on Monday . The stock traded as low as $58.90 and last traded at $60.

53, with a volume of 268780 shares traded. The stock had previously closed at $60.93.



First Trust Long/Short Equity ETF Stock Performance The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 24.14 and a beta of 0.

50. The company has a fifty day simple moving average of $65.56 and a two-hundred day simple moving average of $65.

54. Institutional Investors Weigh In On First Trust Long/Short Equity ETF A number of hedge funds and other institutional investors have recently made changes to their positions in FTLS. SBI Securities Co.

Ltd. acquired a new stake in First Trust Long/Short Equity ETF in the 4th quarter worth about $34,000. Comprehensive Financial Planning Inc.

PA acquired a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter worth approximately $36,000. Wells Fargo & Company MN grew its holdings in First Trust Long/Short Equity ETF by 775.0% in the fourth quarter.

Wells Fargo & Company MN now owns 735 shares of the company’s stock valued at $48,000 after purchasing an additional 651 shares during the period. Blue Trust Inc. acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth approximately $52,000.

Finally, Tucker Asset Management LLC raised its stake in First Trust Long/Short Equity ETF by 45.7% during the fourth quarter. Tucker Asset Management LLC now owns 861 shares of the company’s stock worth $57,000 after purchasing an additional 270 shares during the period.

First Trust Long/Short Equity ETF Company Profile The First Trust Longu002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in longu002Fshort 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. Further Reading 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 .

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