Short Interest in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Decreases By 70.1%

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 32,382 shares, a decline of 70.1% from the January 15th total of 108,423 shares. Based on an average daily trading volume, of 160,160 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 160,160 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. RFG Advisory LLC raised its holdings in First Trust Long/Short Equity ETF by 0.7% in the third quarter. RFG Advisory LLC now owns 26,122 shares of the company’s stock valued at $1,827,000 after acquiring an additional 174 shares in the last quarter. Fifth Third Securities Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 2.3% during the 3rd quarter. Fifth Third Securities Inc. now owns 7,802 shares of the company’s stock worth $546,000 after acquiring an additional 177 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of First Trust Long/Short Equity ETF by 87.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after purchasing an additional 186 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 2.6% in the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock valued at $549,000 after acquiring an additional 196 shares during the period. Finally, Rossby Financial LCC grew its position in First Trust Long/Short Equity ETF by 48.1% during the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after purchasing an additional 225 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.2%

FTLS stock traded up $0.11 during midday trading on Wednesday, hitting $71.35. 92,160 shares of the company’s stock were exchanged, compared to its average volume of 138,724. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.39. The stock has a market capitalization of $2.19 billion, a PE ratio of 21.59 and a beta of 0.48. The business has a 50-day simple moving average of $71.28 and a two-hundred day simple moving average of $69.90.

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.