



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.

FTLS delivers lower volatility than the S&P 500, with 8.46% annualized volatility versus nearly 13%, but this comes at the cost of upside participation. The long book tilts toward Tech while the short book skews toward smaller, less liquid, lower quality names, creating a structural drag versus momentum-driven markets. Since March 2026, the gap between FTLS and the S&P 500 has widened as momentum and multiple expansion favored lower quality, tech-heavy stocks.


First Trust Long/Short Equity ETF (NYSEARCA:FTLS - Get Free Report) shares reached a new 52-week high during trading on Wednesday. The stock traded as high as $72.67 and last traded at $72.53, with a volume of 127175 shares changing hands. The stock had previously closed at $72.53. First Trust Long/Short Equity ETF Stock Performance