First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Short Interest Up 75.1% in July

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 142,321 shares, a growth of 75.1% from the June 30th total of 81,280 shares. Based on an average daily trading volume, of 112,794 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the shares of the stock are short sold.

First Trust Long/Short Equity ETF Trading Up 1.2%

FTLS stock traded up $0.88 during trading hours on Thursday, hitting $75.22. 149,089 shares of the stock traded hands, compared to its average volume of 114,035. First Trust Long/Short Equity ETF has a one year low of $65.84 and a one year high of $77.52. The company has a market cap of $2.47 billion, a P/E ratio of 21.59 and a beta of 0.50. The stock has a 50-day simple moving average of $74.35 and a 200 day simple moving average of $72.56.

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

A number of large investors have recently made changes to their positions in the business. Tidemark LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter worth about $29,000. Jones Financial Companies Lllp grew its position in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after purchasing an additional 468 shares during the last quarter. Rossby Financial LCC increased its position in First Trust Long/Short Equity ETF by 25.4% in the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after buying an additional 176 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Long/Short Equity ETF during the 1st quarter valued at $75,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of First Trust Long/Short Equity ETF by 801.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock valued at $104,000 after buying an additional 1,307 shares during the last quarter.

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.