First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sets New 12-Month High – Here’s What Happened

Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) hit a new 52-week high during trading on Monday . The stock traded as high as $72.25 and last traded at $72.19, with a volume of 54387 shares. The stock had previously closed at $71.72.

First Trust Long/Short Equity ETF Trading Up 0.7%

The stock has a fifty day moving average price of $71.27 and a 200-day moving average price of $69.65. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48.

Institutional Trading of First Trust Long/Short Equity ETF

Large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth about $25,000. Creekmur Asset Management LLC bought a new position in shares of First Trust Long/Short Equity ETF during the 2nd quarter valued at about $27,000. GPS Wealth Strategies Group LLC raised its holdings 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 acquiring an additional 186 shares during the period. Burkett Financial Services LLC bought a new stake in First Trust Long/Short Equity ETF in the 3rd quarter valued at approximately $28,000. Finally, Jones Financial Companies Lllp increased its stake in First Trust Long/Short Equity ETF by 1,462.5% in 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 during the last quarter.

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.