Oakworth Capital Inc. Sells 1,500 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Oakworth Capital Inc. lessened its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 51.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,400 shares of the company’s stock after selling 1,500 shares during the period. Oakworth Capital Inc.’s holdings in First Trust Long/Short Equity ETF were worth $88,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI increased its stake in shares of First Trust Long/Short Equity ETF by 127.7% in the 4th quarter. National Bank of Canada FI now owns 535 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new stake in First Trust Long/Short Equity ETF in the second quarter valued at approximately $84,000. Larson Financial Group LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth about $100,000. Concourse Financial Group Securities Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 248,800.0% in the first quarter. Concourse Financial Group Securities Inc. now owns 2,489 shares of the company’s stock worth $153,000 after purchasing an additional 2,488 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in First Trust Long/Short Equity ETF during the 4th quarter valued at $197,000.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock traded up $0.08 during mid-day trading on Friday, reaching $63.08. The company’s stock had a trading volume of 69,346 shares, compared to its average volume of 137,944. The firm’s fifty day moving average price is $62.54 and its two-hundred day moving average price is $61.18. First Trust Long/Short Equity ETF has a 12-month low of $52.15 and a 12-month high of $63.55. The company has a market capitalization of $1.25 billion, a P/E ratio of 19.46 and a beta of 0.62.

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.