First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Strong Trading Volume – Here’s Why

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw an uptick in trading volume on Friday . 267,627 shares traded hands during trading, an increase of 131% from the previous session’s volume of 115,880 shares.The stock last traded at $76.78 and had previously closed at $77.02.

First Trust Long/Short Equity ETF Price Performance

The business has a fifty day simple moving average of $75.34 and a 200 day simple moving average of $73.44. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50.

Institutional Trading of First Trust Long/Short Equity ETF

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in First Trust Long/Short Equity ETF by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after purchasing an additional 1,803 shares in the last quarter. Jones Financial Companies Lllp raised 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 buying an additional 468 shares during the last quarter. Focus Partners Wealth raised its position in shares of First Trust Long/Short Equity ETF by 6.6% in the first quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock valued at $1,468,000 after buying an additional 1,414 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 57.7% in the second quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock worth $3,666,000 after buying an additional 20,225 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in shares of First Trust Long/Short Equity ETF in the second quarter worth about $344,000.

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.