First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Hits New 52-Week High – Here’s What Happened

Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $75.21 and last traded at $75.11, with a volume of 28428 shares. The stock had previously closed at $74.66.

First Trust Long/Short Equity ETF Price Performance

The company’s 50 day moving average price is $74.24 and its 200 day moving average price is $72.37. The firm has a market capitalization of $2.47 billion, a P/E ratio of 21.59 and a beta of 0.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTLS. Rossby Financial LCC raised its position in shares of 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 acquiring an additional 176 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 14.5% in the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock valued at $108,000 after acquiring an additional 185 shares during the last quarter. HBW Advisory Services LLC increased its position in First Trust Long/Short Equity ETF by 2.8% in the first quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock worth $481,000 after purchasing an additional 186 shares during the period. Hilltop Holdings Inc. grew 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 buying an additional 196 shares during the period. Finally, J.Safra Asset Management Corp lifted its stake in shares of First Trust Long/Short Equity ETF by 10.2% in the 4th quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock valued at $182,000 after purchasing an additional 236 shares during the period.

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.