FTLS Stock Summary and Trading Ideas (First Trust Long/Short Equity ETF | ARCA:FTLS)

The Funds investment objective is to seek to provide investors with long term total return. The Fund intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities. The fund will seek to systematically provide long exposure to high quality earnings stocks and short exposure to lower quality earnings stocks. The fund may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. These futures contracts will be used to gain long or short exposure to broad based equity indexes.

First Trust Long/Short Equity ETF trades on the ARCA stock market under the symbol FTLS.

As of December 13, 2024, FTLS stock price climbed to $66.90 with 135,459 million shares trading.

FTLS has a beta of 0.61, meaning it tends to be less sensitive to market movements. FTLS has a correlation of 0.77 to the broad based SPY ETF.

FTLS has a market cap of $1.70 billion. This is considered a Small Cap stock.

In the last 3 years, FTLS traded as high as $67.45 and as low as $46.64.

FTLS has underperformed the market in the last year with a return of +20.5%, while the SPY ETF gained +29.9%. In the last 3 month period, FTLS fell short of the market, returning +7.8%, while SPY returned +7.8%. However, in the most recent 2 weeks FTLS has outperformed the stock market by returning +1.4%, while SPY returned +0.3%.

FTLS support price is $66.43 and resistance is $67.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTLS shares will trade within this expected range on the day.