Short Interest in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Expands By 117.2%

First Trust Long/Short Equity ETF (NYSEARCA:FTLSGet Free Report) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 64,382 shares, an increase of 117.2% from the February 12th total of 29,648 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 78,888 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 78,888 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Long/Short Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Tempo Wealth LLC purchased a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at about $380,000. Axxcess Wealth Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the fourth quarter worth about $2,502,000. CacheTech Inc. purchased a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $334,000. VestGen Advisors LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at about $20,855,000. Finally, Prostatis Group LLC grew its stake in shares of First Trust Long/Short Equity ETF by 0.6% in the fourth quarter. Prostatis Group LLC now owns 59,938 shares of the company’s stock valued at $4,255,000 after buying an additional 344 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $69.51 on Friday. The firm 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’s 50 day moving average price is $71.15 and its 200 day moving average price is $70.48.

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.

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