Farther Finance Advisors LLC lifted its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 456.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467 shares of the company’s stock after purchasing an additional 383 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of FTLS. Rossby Financial LCC purchased a new position in First Trust Long/Short Equity ETF in the first quarter worth about $30,000. Jones Financial Companies Lllp raised its holdings in First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after buying an additional 468 shares during the last quarter. Lord & Richards Wealth Management LLC purchased a new position in First Trust Long/Short Equity ETF in the first quarter worth about $31,000. CX Institutional purchased a new position in First Trust Long/Short Equity ETF in the first quarter worth about $41,000. Finally, NBC Securities Inc. purchased a new position in First Trust Long/Short Equity ETF in the first quarter worth about $51,000.
First Trust Long/Short Equity ETF Stock Performance
Shares of First Trust Long/Short Equity ETF stock opened at $69.73 on Wednesday. The stock has a market capitalization of $2.00 billion, a PE ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $70.49. The company has a 50-day simple moving average of $68.20 and a two-hundred day simple moving average of $65.84.
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.
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