First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Short Interest Down 83.3% in June

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 81,280 shares, a decrease of 83.3% from the June 15th total of 486,348 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 193,291 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock traded up $0.03 on Friday, reaching $74.71. The stock had a trading volume of 130,803 shares, compared to its average volume of 115,612. First Trust Long/Short Equity ETF has a 1 year low of $65.56 and a 1 year high of $75.11. The stock has a market cap of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50. The company has a 50 day simple moving average of $74.16 and a 200 day simple moving average of $72.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Burkett Financial Services LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $28,000. Tidemark LLC bought a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter worth approximately $29,000. Jones Financial Companies Lllp boosted its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after buying an additional 468 shares during the last quarter. Rossby Financial LCC boosted its holdings in shares of First Trust Long/Short Equity ETF by 25.4% in the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after buying an additional 176 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the first quarter worth approximately $75,000.

About First Trust Long/Short Equity ETF

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.