First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Hits New 1-Year High at $62.32

First Trust Long/Short Equity ETF (NYSEARCA:FTLSGet Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as $62.32 and last traded at $62.32, with a volume of 38220 shares. The stock had previously closed at $62.20.

First Trust Long/Short Equity ETF Price Performance

The firm has a market capitalization of $1.24 billion, a PE ratio of 19.46 and a beta of 0.62. The business’s 50 day moving average is $60.77 and its two-hundred day moving average is $59.29.

Institutional Investors Weigh In On First Trust Long/Short Equity ETF

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its position in First Trust Long/Short Equity ETF by 19.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,064 shares of the company’s stock valued at $1,120,000 after buying an additional 3,412 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth about $2,387,000. Laidlaw Wealth Management LLC purchased a new position in First Trust Long/Short Equity ETF during the 3rd quarter valued at about $983,000. Lcnb Corp raised its position in First Trust Long/Short Equity ETF by 63.7% during the 3rd quarter. Lcnb Corp now owns 82,332 shares of the company’s stock valued at $4,376,000 after purchasing an additional 32,038 shares during the last quarter. Finally, Mariner LLC lifted its holdings in First Trust Long/Short Equity ETF by 3.6% in the 3rd quarter. Mariner LLC now owns 13,119 shares of the company’s stock worth $697,000 after buying an additional 451 shares during the period.

About First Trust Long/Short Equity ETF

(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.

Featured Articles

Receive News & Ratings for First Trust Long/Short Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Long/Short Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.