Sowell Financial Services LLC Sells 78,188 Shares of First Trust Long/Short Equity ETF $FTLS

Sowell Financial Services LLC reduced its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 72.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 29,859 shares of the company’s stock after selling 78,188 shares during the period. Sowell Financial Services LLC owned about 0.10% of First Trust Long/Short Equity ETF worth $2,089,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FTLS. Creekmur Asset Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the second quarter valued at $27,000. Jones Financial Companies Lllp lifted its holdings in First Trust Long/Short Equity ETF by 1,462.5% during the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares in the last quarter. Farther Finance Advisors LLC boosted its position in First Trust Long/Short Equity ETF by 456.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after buying an additional 383 shares during the period. Salem Investment Counselors Inc. bought a new position in First Trust Long/Short Equity ETF in the 3rd quarter worth about $79,000. Finally, Sage Mountain Advisors LLC bought a new position in First Trust Long/Short Equity ETF in the 2nd quarter worth about $201,000.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $71.66 on Tuesday. The company has a market capitalization of $2.09 billion, a PE ratio of 21.59 and a beta of 0.48. The company has a 50 day moving average price of $71.00 and a 200-day moving average price of $68.70. First Trust Long/Short Equity ETF has a fifty-two week low of $58.90 and a fifty-two week 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.