First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Sees Large Volume Increase – Here’s What Happened

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) shares saw unusually-strong trading volume on Tuesday . Approximately 347,724 shares traded hands during trading, an increase of 111% from the previous session’s volume of 164,800 shares.The stock last traded at $67.50 and had previously closed at $67.00.

First Trust Long/Short Equity ETF Stock Up 0.9 %

The stock’s 50-day moving average price is $66.61 and its 200 day moving average price is $64.48. The company has a market cap of $1.34 billion, a P/E ratio of 19.46 and a beta of 0.62.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. acquired a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth about $35,000. NBC Securities Inc. increased its position in First Trust Long/Short Equity ETF by 184.2% in the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after buying an additional 523 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Long/Short Equity ETF during the third quarter worth approximately $75,000. GAMMA Investing LLC boosted its position in shares of First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of First Trust Long/Short Equity ETF by 4.2% in the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after acquiring an additional 191 shares during the last quarter.

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.