First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Strong Trading Volume – Here’s What Happened

Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw unusually-strong trading volume on Tuesday . Approximately 72,461 shares were traded during trading, a decline of 46% from the previous session’s volume of 133,581 shares.The stock last traded at $67.09 and had previously closed at $67.27.

First Trust Long/Short Equity ETF Stock Performance

The company’s 50-day moving average price is $65.42 and its 200 day moving average price is $63.65. The stock has a market capitalization of $1.30 billion, a P/E ratio of 19.46 and a beta of 0.62.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. bought a new position in shares of First Trust Long/Short Equity ETF during the third quarter worth $35,000. NBC Securities Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 184.2% during the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after purchasing an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Long/Short Equity ETF during the third quarter valued at about $75,000. Larson Financial Group LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 44.2% in the second quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock worth $160,000 after purchasing an additional 785 shares during the last quarter. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the second quarter worth about $203,000.

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.