First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Strong Trading Volume – Here’s Why

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw an uptick in trading volume on Tuesday . 72,461 shares changed hands during mid-day trading, a decline of 46% from the previous session’s volume of 133,581 shares.The stock last traded at $67.09 and had previously closed at $67.27.

First Trust Long/Short Equity ETF Price Performance

The stock’s 50 day simple moving average is $65.33 and its two-hundred day simple moving average is $63.61. The firm has a market cap of $1.33 billion, a P/E ratio of 19.46 and a beta of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. bought a new position in shares of First Trust Long/Short Equity ETF during the third quarter valued at $35,000. NBC Securities Inc. raised its holdings in First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after buying an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth approximately $75,000. Larson Financial Group LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 44.2% during the second quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock valued at $160,000 after buying an additional 785 shares during the last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the second quarter valued at approximately $203,000.

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.