First Trust Long/Short Equity ETF $FTLS Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,181 shares of the company’s stock after selling 1,011 shares during the quarter. Koshinski Asset Management Inc. owned about 0.19% of First Trust Long/Short Equity ETF worth $3,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its stake in shares of First Trust Long/Short Equity ETF by 456.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $31,000 after purchasing an additional 383 shares during the period. Rossby Financial LCC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 1st quarter worth approximately $30,000. Lord & Richards Wealth Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 1st quarter worth approximately $31,000. Jones Financial Companies Lllp grew its stake in shares of 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 worth $30,000 after purchasing an additional 468 shares during the period. Finally, SouthState Corp grew its stake in shares of First Trust Long/Short Equity ETF by 2,040.0% during the 1st quarter. SouthState Corp now owns 1,284 shares of the company’s stock worth $82,000 after purchasing an additional 1,224 shares during the period.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS opened at $69.31 on Friday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $70.49. The firm’s 50 day simple moving average is $68.58 and its 200-day simple moving average is $66.10.

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.