First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Short Interest Update

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 237,590 shares, a growth of 167.2% from the August 15th total of 88,908 shares. Based on an average daily trading volume, of 125,838 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Long/Short Equity ETF

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock valued at $170,200,000 after purchasing an additional 149,648 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the second quarter worth about $107,000. IHT Wealth Management LLC lifted its position in shares of First Trust Long/Short Equity ETF by 749.9% in the fourth quarter. IHT Wealth Management LLC now owns 124,129 shares of the company’s stock worth $8,812,000 after buying an additional 109,524 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust Long/Short Equity ETF in the first quarter worth about $7,296,000. Finally, First Trust Advisors LP boosted its stake in First Trust Long/Short Equity ETF by 71.7% during the first quarter. First Trust Advisors LP now owns 223,206 shares of the company’s stock valued at $15,703,000 after buying an additional 93,210 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.4%

FTLS opened at $76.27 on Tuesday. First Trust Long/Short Equity ETF has a 1-year low of $67.94 and a 1-year high of $77.52. The company has a market capitalization of $2.51 billion, a PE ratio of 21.59 and a beta of 0.50. The firm’s 50 day simple moving average is $75.66 and its two-hundred day simple moving average is $73.69.

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.