
This fund is designed to generate significant total returns for investors over the long term. It achieves this by actively managing a portfolio of stocks, utilizing both long and short investment strategies.
Is FTLS's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.



First Trust Long/Short Equity ETF (NYSEARCA:FTLS - Get Free Report) reached a new 52-week high on Monday. The company traded as high as $77.59 and last traded at $77.5390, with a volume of 3082 shares trading hands. The stock had previously closed at $76.90. First Trust Long/Short Equity ETF Stock Up 0.3% The firm has


First Trust Long/Short Eqty ETF has delivered repeatable alpha over a prolonged period, mostly achieved via variance reduction more than correlation drift. The fund uses non-proprietary forensic accounting and market-based variables to select assets, which shapes a good combination – I don't believe in a siloed approach to long/short investing. I deem its fees reasonable with management fees clocking in at 0.95% and total expense ratios not being materially higher. In addition, distributions are low-to-moderate.