FTLS

First Trust Long/Short Equity ETF

$71.00
+0.00%
Market closed. Last update: 12:26 PM ET

📎 Investment Objective

The First Trust Long/Short Equity ETF (FTLS) seeks to provide long-term capital appreciation with lower volatility than traditional equity markets.

Overview

ETF tracking First Trust Long/Short Equity ETF

Category Alternative
Issuer First Trust
Inception Date 2014-09-09
Market Cap $2.0B
Average Volume N/A
Dividend Yield 1.17%
52-Week Range $60.06 - $71.96
VWAP $71.14

Performance

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Investment Summary

📎 Investment Objective

The First Trust Long/Short Equity ETF (FTLS) seeks to provide long-term capital appreciation with lower volatility than traditional equity markets.

🎯 Investment Strategy

FTLS employs a long-short equity strategy, taking long positions in stocks the portfolio managers believe will increase in value and short positions in stocks they believe will decrease in value. The fund aims to generate positive returns in a variety of market environments.

✨ Key Features

  • Actively managed long-short equity strategy
  • Seeks to provide capital appreciation with lower volatility than the broader stock market
  • Invests in a diversified portfolio of long and short equity positions
  • Utilizes quantitative and fundamental research to identify investment opportunities

⚠️ Primary Risks

  • Market risk: The value of the fund's investments may decline due to general market conditions
  • Short sale risk: Losses from short sales are potentially unlimited
  • Leverage risk: The use of leverage may magnify the fund's gains and losses
  • Liquidity risk: Some investments may be difficult to sell at the desired time and price

👤 Best For

FTLS may be suitable for investors seeking long-term capital appreciation with lower volatility than traditional equity markets. The fund's long-short strategy and use of leverage make it more suitable for experienced investors with a higher risk tolerance.