First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Large Decrease in Short Interest

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 45,401 shares, a decrease of 24.3% from the December 15th total of 59,951 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 91,580 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 91,580 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA FTLS traded up $0.24 during mid-day trading on Friday, reaching $71.39. The company had a trading volume of 124,053 shares, compared to its average volume of 147,068. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. The business’s 50-day simple moving average is $71.16 and its 200 day simple moving average is $69.25. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $72.20.

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

A number of institutional investors have recently modified their holdings of FTLS. CENTRAL TRUST Co grew its position in shares of First Trust Long/Short Equity ETF by 12.1% in the 2nd quarter. CENTRAL TRUST Co now owns 414,753 shares of the company’s stock valued at $27,490,000 after buying an additional 44,609 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust Long/Short Equity ETF by 22.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 114,314 shares of the company’s stock valued at $7,996,000 after acquiring an additional 20,793 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in First Trust Long/Short Equity ETF during the second quarter worth $1,870,000. Farther Finance Advisors LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 456.0% during the second quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after purchasing an additional 383 shares during the period. Finally, World Equity Group Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 9.8% during the 3rd quarter. World Equity Group Inc. now owns 287,710 shares of the company’s stock worth $20,125,000 after purchasing an additional 25,744 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.