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The investment objective is long-term total return. The Fund is an actively managed 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, 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 June 5, 2026, LALT stock price declined to $24.46 with 615,566 million shares trading.
LALT has a beta of 0.12, meaning it tends to be less sensitive to market movements. LALT has a correlation of 0.08 to the broad based SPY ETF.
LALT has a market cap of $83.16 million. This is considered a Micro Cap stock.
In the last 3 years, LALT traded as high as $25.18 and as low as $19.66.
LALT has underperformed the market in the last year with a price return of +20.5% while the SPY ETF gained +25.0%. LALT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.2% and -1.3%, respectively, while the SPY returned +7.9% and -0.7%, respectively.
LALT support price is $24.63 and resistance is $24.93 (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 shares will trade within this expected range on the day.
