First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Reaches New 12-Month High at $63.56

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $63.56 and last traded at $63.53, with a volume of 15861 shares changing hands. The stock had previously closed at $63.14.

First Trust Long/Short Equity ETF Stock Performance

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The business has a fifty day moving average price of $62.60 and a 200 day moving average price of $61.29.

Institutional Trading of First Trust Long/Short Equity ETF

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $10,664,000. Western Wealth Management LLC grew its holdings in First Trust Long/Short Equity ETF by 8.2% during the fourth quarter. Western Wealth Management LLC now owns 4,116 shares of the company’s stock worth $232,000 after buying an additional 312 shares in the last quarter. CWM LLC lifted its stake in First Trust Long/Short Equity ETF by 94.3% during the 4th quarter. CWM LLC now owns 4,207 shares of the company’s stock valued at $237,000 after acquiring an additional 2,042 shares in the last quarter. Larson Financial Group LLC bought a new stake in First Trust Long/Short Equity ETF in the 4th quarter worth about $100,000. Finally, Eudaimonia Advisors LLC grew its holdings in First Trust Long/Short Equity ETF by 3.2% during the fourth quarter. Eudaimonia Advisors LLC now owns 38,569 shares of the company’s stock valued at $2,170,000 after purchasing an additional 1,182 shares during the period.

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.