First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Break Above 50 Day Moving Average – Here’s What Happened

First Trust Long/Short Equity ETF (NYSEARCA:FTLS)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $76.83 and traded as high as $77.36. First Trust Long/Short Equity ETF shares last traded at $77.18, with a volume of 142,932 shares changing hands.

First Trust Long/Short Equity ETF Stock Performance

The firm has a market cap of $2.64 billion, a P/E ratio of 21.59 and a beta of 0.50. The company has a 50 day moving average of $76.83 and a 200 day moving average of $73.80.

Institutional Trading of First Trust Long/Short Equity ETF

Several large investors have recently added to or reduced their stakes in FTLS. Oppenheimer & Co. Inc. acquired a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth about $3,129,000. Flagship Harbor Advisors LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 73.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 11,237 shares of the company’s stock worth $862,000 after acquiring an additional 4,752 shares in the last quarter. Live Oak Investment Partners increased its holdings in shares of First Trust Long/Short Equity ETF by 0.6% during the 3rd quarter. Live Oak Investment Partners now owns 95,075 shares of the company’s stock valued at $7,291,000 after acquiring an additional 562 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 3.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 108,617 shares of the company’s stock valued at $8,330,000 after acquiring an additional 3,346 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $2,704,000.

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.