LALT Stock Summary and Trading Ideas (First Trust Multi-Strategy Alternative ETF | NASDAQ:LALT)

The First Trust Multi-Strategy Alternative ETF's (the "Fund") investment objective is long-term total return. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by allocating its assets amongst a variety of alternative asset categories and strategies in an effort to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks (e.g., the S&P 500 Index or Bloomberg Aggregate Bond Index) over various market cycles. The alternative asset categories and strategies the Fund may employ include, but are not limited to, hedged equity, long/short, event-driven, managed futures, commodities, real estate, opportunistic fixed income, relative value, currencies, and global macro. The Fund will primarily gain exposure to these alternative asset categories and strategies through investments in exchange-traded products ("ETPs") (including ETFs, exchange-traded notes ("ETNs"), and trusts backed by physical commodities or currencies). Alternative asset categories are those other than traditional equity, fixed income, and cash. Alternative investment strategies are typically considered those that allocate capital based on investment approaches other than a traditional "long-only" approach.

First Trust Multi-Strategy Alternative ETF trades on the NASDAQ stock market under the symbol LALT.

As of April 18, 2024, LALT stock price was flat at $20.64 with 93 million shares trading.

LALT has a market cap of $7.22 million. This is considered a Sub-Micro Cap stock.

LALT has underperformed the market in the last year with a return of +5.2%, while the SPY ETF gained +22.3%. In the last 3 month period, LALT fell short of the market, returning +4.2%, while SPY returned +6.1%. However, in the most recent 2 weeks LALT has outperformed the stock market by returning -1.0%, while SPY returned -3.8%.

LALT support price is $20.54 and resistance is $20.74 (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 LALT stock will trade within this expected range on the day.