First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Short Interest Up 163.8% in December

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 59,951 shares, a growth of 163.8% from the November 30th total of 22,722 shares. Based on an average trading volume of 80,988 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 80,988 shares, the short-interest ratio is presently 0.7 days.

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

A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in First Trust Long/Short Equity ETF by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after acquiring an additional 231,155 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Long/Short Equity ETF by 45.2% in the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after purchasing an additional 209,579 shares during the period. Royal Bank of Canada raised its stake in First Trust Long/Short Equity ETF by 11.1% in the first quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock valued at $126,261,000 after purchasing an additional 196,268 shares in the last quarter. Tcfg Wealth Management LLC acquired a new position in First Trust Long/Short Equity ETF in the third quarter valued at about $7,618,000. Finally, Comerica Bank lifted its position in First Trust Long/Short Equity ETF by 158.5% during the first quarter. Comerica Bank now owns 129,947 shares of the company’s stock worth $8,327,000 after purchasing an additional 79,673 shares during the period.

First Trust Long/Short Equity ETF Trading Down 0.0%

NYSEARCA FTLS traded down $0.01 during trading on Friday, reaching $71.75. The company’s stock had a trading volume of 46,551 shares, compared to its average volume of 139,119. The firm has a 50 day moving average price of $70.91 and a 200 day moving average price of $68.58. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $72.20. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48.

First Trust Long/Short Equity ETF Company 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.