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

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 45,401 shares, a decline of 24.3% from the December 15th total of 59,951 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 91,580 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 91,580 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after purchasing an additional 231,155 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after purchasing an additional 209,579 shares in the last quarter. Tcfg Wealth Management LLC bought a new stake in First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $7,618,000. WealthPlan Investment Management LLC boosted its stake in First Trust Long/Short Equity ETF by 47.3% in the second quarter. WealthPlan Investment Management LLC now owns 215,979 shares of the company’s stock worth $14,315,000 after purchasing an additional 69,353 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in First Trust Long/Short Equity ETF by 207.6% in the third quarter. Merit Financial Group LLC now owns 94,453 shares of the company’s stock worth $6,607,000 after purchasing an additional 63,746 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA FTLS opened at $71.39 on Tuesday. The company’s 50 day simple moving average is $71.15 and its 200 day simple moving average is $69.31. The firm has a market capitalization of $2.18 billion, a PE ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $72.20.

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.