First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Significant Growth in Short Interest

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 108,423 shares, an increase of 138.8% from the December 31st total of 45,401 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 149,419 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 149,419 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new position in First Trust Long/Short Equity ETF during the third quarter valued at about $25,000. GPS Wealth Strategies Group LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 87.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after purchasing an additional 186 shares in the last quarter. Burkett Financial Services LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the second quarter valued at $27,000. Finally, Farther Finance Advisors LLC raised its stake in shares of First Trust Long/Short Equity ETF by 456.0% in 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 in the last quarter.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS traded down $0.17 during trading hours on Friday, reaching $71.72. The company’s stock had a trading volume of 435,156 shares, compared to its average volume of 154,743. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $72.20. The business’s 50-day moving average is $71.27 and its 200-day moving average is $69.63.

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.