First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Trading Down 0.4% – Should You Sell?

Posted by Joseph Casey on Aug 29th, 2026

First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report) shares fell 0.4% during trading on Friday . The company traded as low as $76.32 and last traded at $76.46. Approximately 77,214 shares were traded during trading, a decline of 34% from the average daily volume of 116,268 shares. The stock had previously closed at $76.78.

First Trust Long/Short Equity ETF Price Performance

The firm has a market cap of $2.52 billion, a PE ratio of 21.59 and a beta of 0.50. The business has a 50-day moving average price of $75.08 and a two-hundred day moving average price of $73.25.

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

Hedge funds have recently added to or reduced their stakes in the business. Tidemark LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at about $29,000. Jones Financial Companies Lllp increased 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 in the last quarter. Rossby Financial LCC increased its stake in shares of First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after purchasing an additional 176 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the 1st quarter worth approximately $75,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of First Trust Long/Short Equity ETF by 801.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after purchasing an additional 1,307 shares during the last quarter.

First Trust Long/Short Equity ETF Company Profile

(Get Free Report)

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.