Cedrus LLC Sells 1,098 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cedrus LLC reduced its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,178 shares of the company’s stock after selling 1,098 shares during the quarter. Cedrus LLC’s holdings in First Trust Long/Short Equity ETF were worth $836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooper Financial Group raised its holdings in First Trust Long/Short Equity ETF by 1.8% in the 2nd quarter. Cooper Financial Group now owns 16,711 shares of the company’s stock worth $1,046,000 after purchasing an additional 298 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in First Trust Long/Short Equity ETF by 1.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,232 shares of the company’s stock worth $2,296,000 after purchasing an additional 378 shares in the last quarter. Moors & Cabot Inc. raised its holdings in First Trust Long/Short Equity ETF by 10.5% in the 2nd quarter. Moors & Cabot Inc. now owns 4,986 shares of the company’s stock worth $312,000 after purchasing an additional 475 shares in the last quarter. NBC Securities Inc. raised its holdings 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 purchasing an additional 523 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in First Trust Long/Short Equity ETF by 1.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 31,615 shares of the company’s stock worth $1,979,000 after purchasing an additional 550 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.1 %

Shares of NYSEARCA FTLS opened at $64.91 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $52.15 and a 12 month high of $65.00. The firm has a market capitalization of $1.29 billion, a PE ratio of 19.46 and a beta of 0.62. The firm has a fifty day simple moving average of $63.21 and a two-hundred day simple moving average of $62.16.

First Trust Long/Short Equity ETF 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.