First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Large Volume Increase – What’s Next?

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw an uptick in trading volume on Monday . 178,497 shares traded hands during trading, an increase of 42% from the previous session’s volume of 125,976 shares.The stock last traded at $67.27 and had previously closed at $66.64.

First Trust Long/Short Equity ETF Stock Performance

The stock has a market cap of $1.32 billion, a P/E ratio of 19.46 and a beta of 0.62. The stock’s fifty day moving average is $66.01 and its 200 day moving average is $64.09.

Institutional Investors Weigh In On First Trust Long/Short Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter worth $1,081,000. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Long/Short Equity ETF by 4,148.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after buying an additional 413,979 shares during the period. SMART Wealth LLC grew its position in shares of First Trust Long/Short Equity ETF by 10.0% during the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after buying an additional 1,775 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Long/Short Equity ETF during the third quarter valued at $75,000.

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.