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

Posted by Trevor Kearing on May 26th, 2026

First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) shares hit a new 52-week high during mid-day trading 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 Price Performance

The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. The firm has a 50 day moving average price of $72.13 and a 200-day moving average price of $71.50.

Hedge Funds Weigh In On First Trust Long/Short Equity ETF

Several large investors have recently made changes to their positions in the company. Norris Financial Group LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the first quarter valued at $217,000. IFS Group LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the first quarter valued at $208,000. Royal Bank of Canada lifted its stake in First Trust Long/Short Equity ETF by 2.2% in the first quarter. Royal Bank of Canada now owns 2,606,322 shares of the company’s stock valued at $183,381,000 after buying an additional 57,245 shares during the period. IMG Wealth Management Inc. lifted its stake in First Trust Long/Short Equity ETF by 9.7% in the first quarter. IMG Wealth Management Inc. now owns 96,898 shares of the company’s stock valued at $6,818,000 after buying an additional 8,591 shares during the period. Finally, Gateway Wealth Partners LLC lifted its stake in First Trust Long/Short Equity ETF by 182.6% in the first quarter. Gateway Wealth Partners LLC now owns 58,064 shares of the company’s stock valued at $4,085,000 after buying an additional 37,517 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.