Short Interest in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Decreases By 83.3%

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 81,280 shares, a drop of 83.3% from the June 15th total of 486,348 shares. Based on an average daily volume of 193,291 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

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

Institutional investors have recently modified their holdings of the stock. Assetmark Inc. raised its position in First Trust Long/Short Equity ETF by 728.0% in the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after buying an additional 446,569 shares during the last quarter. Center For Asset Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at about $2,965,000. Seeds Investor LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at about $3,283,000. Triad Wealth Partners LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter worth approximately $527,000. Finally, CENTRAL TRUST Co raised its holdings in shares of First Trust Long/Short Equity ETF by 6.2% during the fourth quarter. CENTRAL TRUST Co now owns 422,643 shares of the company’s stock valued at $30,003,000 after purchasing an additional 24,707 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS traded up $0.03 during mid-day trading on Friday, reaching $74.71. The company had a trading volume of 130,803 shares, compared to its average volume of 115,612. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. The firm has a 50-day moving average price of $74.16 and a 200 day moving average price of $72.24. First Trust Long/Short Equity ETF has a 52 week low of $65.56 and a 52 week high of $75.11.

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.