First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sets New 1-Year High – Still a Buy?

Posted by Alanna Baker on May 28th, 2026

First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $74.88 and last traded at $74.79, with a volume of 4658 shares changing hands. The stock had previously closed at $74.42.

First Trust Long/Short Equity ETF Stock Performance

The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. The business’s 50-day moving average is $72.33 and its two-hundred day moving average is $71.55.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FTLS. Envestnet Asset Management Inc. boosted its stake 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 valued at $41,150,000 after purchasing an additional 8,523 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 728.0% during the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after acquiring an additional 446,569 shares in the last quarter. Center For Asset Management LLC bought a new stake in First Trust Long/Short Equity ETF during the 4th quarter worth $2,965,000. Seeds Investor LLC acquired a new position in First Trust Long/Short Equity ETF in the 4th quarter worth about $3,283,000. Finally, Kingsview Wealth Management LLC increased its holdings in First Trust Long/Short Equity ETF by 35.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 76,893 shares of the company’s stock worth $5,379,000 after purchasing an additional 20,123 shares in the last quarter.

First Trust Long/Short Equity ETF Company Profile

(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.