20-Mar-2026
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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 March 20, 2026, FTLS stock price declined to $69.38 with 121,984 million shares trading.
FTLS has a beta of 0.48, meaning it tends to be less sensitive to market movements. FTLS has a correlation of 0.83 to the broad based SPY ETF.
FTLS has a market cap of $2.13 billion. This is considered a Mid Cap stock.
In the last 3 years, FTLS traded as high as $72.39 and as low as $48.36.
FTLS has underperformed the market in the last year with a return of +9.1%, while SPY returned +16.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FTLS shares. However, FTLS has outperformed the market in the last 3 month and 2 week periods, returning -2.4% and -1.2%, while SPY returned -4.4% and -3.3%, respectively. This indicates FTLS has been having a stronger performance recently.
FTLS support price is $69.03 and resistance is $70.08 (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.
