First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Large Volume Increase – Here’s Why

Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw unusually-high trading volume on Tuesday . 468,770 shares traded hands during trading, an increase of 303% from the previous session’s volume of 116,212 shares.The stock last traded at $75.72 and had previously closed at $75.07.

First Trust Long/Short Equity ETF Trading Down 0.2%

The company’s fifty day moving average is $74.43 and its 200-day moving average is $72.70. The firm has a market capitalization of $2.49 billion, a P/E ratio of 21.59 and a beta of 0.50.

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

Several large investors have recently added to or reduced their stakes in FTLS. Rossby Financial LCC grew its stake in First Trust Long/Short Equity ETF by 25.4% during the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after buying an additional 176 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 14.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after acquiring an additional 185 shares during the period. HBW Advisory Services LLC boosted its position in shares of First Trust Long/Short Equity ETF by 2.8% during the 1st quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock worth $481,000 after acquiring an additional 186 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 2.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock worth $549,000 after acquiring an additional 196 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its stake in First Trust Long/Short Equity ETF by 10.2% in the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock valued at $182,000 after acquiring an additional 236 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.