First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Short Interest Update

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 193,666 shares, a growth of 200.8% from the February 26th total of 64,382 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 91,446 shares, the short-interest ratio is currently 2.1 days.

First Trust Long/Short Equity ETF Trading Down 0.5%

NYSEARCA:FTLS traded down $0.33 during trading hours on Friday, hitting $69.38. 103,210 shares of the company were exchanged, compared to its average volume of 113,763. The stock has a market capitalization of $2.13 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 $72.39. The company has a fifty day simple moving average of $70.89 and a 200 day simple moving average of $70.61.

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

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in 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 purchasing an additional 20,793 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after purchasing an additional 8,523 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Long/Short Equity ETF in the 2nd quarter valued at $1,870,000. World Equity Group Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 9.8% in the 3rd quarter. World Equity Group Inc. now owns 287,710 shares of the company’s stock valued at $20,125,000 after purchasing an additional 25,744 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its position in shares of First Trust Long/Short Equity ETF by 66.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 113,163 shares of the company’s stock worth $7,916,000 after buying an additional 45,234 shares during the period.

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.