First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Reaches New 52-Week High – Here’s Why

First Trust Long/Short Equity ETF (NYSEARCA:FTLSGet Free Report) shares hit a new 52-week high on Monday . The company traded as high as $77.52 and last traded at $75.31, with a volume of 5305 shares changing hands. The stock had previously closed at $74.74.

First Trust Long/Short Equity ETF Trading Up 0.1%

The company has a market capitalization of $2.46 billion, a PE ratio of 21.59 and a beta of 0.50. The firm’s 50-day simple moving average is $74.35 and its 200-day simple moving average is $72.54.

Institutional Trading of First Trust Long/Short Equity ETF

A number of large investors have recently modified their holdings of FTLS. Tidemark LLC purchased a new position in First Trust Long/Short Equity ETF during the 4th quarter worth $29,000. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% in the 1st 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 period. Rossby Financial LCC grew its position in shares of First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after buying an additional 176 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of First Trust Long/Short Equity ETF during the 1st quarter worth $75,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 801.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock valued at $104,000 after buying an additional 1,307 shares during the period.

About First Trust Long/Short Equity ETF

(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.

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