First Trust Long/Short Equity ETF $FTLS Position Cut by StoneX Group Inc.

StoneX Group Inc. trimmed its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 75.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,292 shares of the company’s stock after selling 38,802 shares during the quarter. StoneX Group Inc.’s holdings in First Trust Long/Short Equity ETF were worth $942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in First Trust Long/Short Equity ETF by 2.2% during the 1st quarter. Royal Bank of Canada now owns 2,606,322 shares of the company’s stock valued at $183,381,000 after purchasing an additional 57,245 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust Long/Short Equity ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock valued at $41,085,000 after purchasing an additional 31,515 shares during the last quarter. Assetmark Inc. grew its position in shares of First Trust Long/Short Equity ETF by 9.3% during the 1st quarter. Assetmark Inc. now owns 555,229 shares of the company’s stock worth $39,066,000 after buying an additional 47,314 shares during the period. Cornerstone Planning Group LLC grew its position in shares of First Trust Long/Short Equity ETF by 8.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 235,621 shares of the company’s stock worth $17,408,000 after buying an additional 18,044 shares during the period. Finally, First Trust Advisors LP grew its position in shares of First Trust Long/Short Equity ETF by 71.7% during the 1st quarter. First Trust Advisors LP now owns 223,206 shares of the company’s stock worth $15,703,000 after buying an additional 93,210 shares during the period.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $75.03 on Tuesday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 24.12 and a beta of 0.49. The firm has a 50 day simple moving average of $76.76 and a 200 day simple moving average of $74.04. First Trust Long/Short Equity ETF has a fifty-two week low of $69.21 and a fifty-two week high of $78.11.

First Trust Long/Short Equity ETF 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.