GAMMA Investing LLC Has $112,000 Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

GAMMA Investing LLC raised its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the company’s stock after purchasing an additional 353 shares during the quarter. GAMMA Investing LLC’s holdings in First Trust Long/Short Equity ETF were worth $112,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. UMB Bank n.a. acquired a new stake in shares of First Trust Long/Short Equity ETF during the third quarter worth $35,000. NBC Securities Inc. lifted its holdings in shares of First Trust Long/Short Equity ETF by 184.2% during the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after buying an additional 523 shares in 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 $75,000. Insigneo Advisory Services LLC bought a new position in shares of First Trust Long/Short Equity ETF in the second quarter worth $203,000. Finally, Moors & Cabot Inc. increased its position in shares of First Trust Long/Short Equity ETF by 10.5% in the second quarter. Moors & Cabot Inc. now owns 4,986 shares of the company’s stock worth $312,000 after purchasing an additional 475 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA FTLS opened at $65.92 on Friday. First Trust Long/Short Equity ETF has a 52 week low of $56.93 and a 52 week high of $67.92. The stock’s fifty day moving average is $66.12 and its 200 day moving average is $64.13. The stock has a market capitalization of $1.31 billion, a P/E ratio of 19.46 and a beta of 0.62.

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.