First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Unusually-High Trading Volume

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw strong trading volume on Monday . 264,563 shares changed hands during trading, an increase of 101% from the previous session’s volume of 131,890 shares.The stock last traded at $59.43 and had previously closed at $59.06.

First Trust Long/Short Equity ETF Trading Up 0.8 %

The company’s 50 day moving average price is $60.53 and its 200-day moving average price is $57.49. The company has a market capitalization of $1.12 billion, a PE ratio of 18.96 and a beta of 0.59.

Institutional Trading of First Trust Long/Short Equity ETF

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its position in First Trust Long/Short Equity ETF by 155.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,733 shares of the company’s stock worth $941,000 after purchasing an additional 10,174 shares during the period. Sweet Financial Partners LLC boosted its position in First Trust Long/Short Equity ETF by 2.7% during the 3rd quarter. Sweet Financial Partners LLC now owns 178,820 shares of the company’s stock worth $9,504,000 after purchasing an additional 4,652 shares during the period. Silver Oak Securities Incorporated purchased a new stake in First Trust Long/Short Equity ETF during the 3rd quarter worth $976,000. Cardinal Point Capital Management ULC boosted its position in First Trust Long/Short Equity ETF by 3.2% during the 4th quarter. Cardinal Point Capital Management ULC now owns 91,799 shares of the company’s stock worth $5,165,000 after purchasing an additional 2,883 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in First Trust Long/Short Equity ETF by 6.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 85,457 shares of the company’s stock worth $4,542,000 after purchasing an additional 5,350 shares during the period.

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.