First Trust Longshort Etf Profile
| FTLS Etf | USD 65.99 0.18 0.27% |
Performance9 of 100
| Odds Of DistressLess than 9
|
First Trust is selling for under 65.99 as of the 28th of November 2024; that is 0.27 percent decrease since the beginning of the trading day. The etf's lowest day price was 65.66. First Trust has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for First Trust LongShort are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
Under normal conditions, the fund will expose at least 80 percent of its net assets to U.S. exchange-listed equity securities andor U.S. exchange-traded funds that provide exposure to U.S. exchange-listed equity securities. LongShort Equity is traded on NYSEARCA Exchange in the United States.. More on First Trust LongShort
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First Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Long/short ETFs, Strategy ETFs, Long-Short Equity, First Trust (View all Sectors) |
| Issuer | First Trust |
| Inception Date | 2014-09-08 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.67 Billion |
| Average Trading Valume | 127,091.3 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Long/Short |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Brown Brothers Harriman & Co. |
| Advisor | First Trust Advisors L.P. |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | First Trust Portfolios L.P. |
| Portfolio Manager | John Gambla, Rob Guttschow |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 361 |
| Market Maker | Jane Street |
| Total Expense | 1.46 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | 18.94 |
| Name | First Trust LongShort Equity ETF |
| Currency Code | USD |
| Open Figi | BBG00735B1S4 |
| In Threey Volatility | 9.39 |
| 1y Volatility | 7.4 |
| 200 Day M A | 62.2359 |
| 50 Day M A | 64.2909 |
| Code | FTLS |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
First Trust LongShort [FTLS] is traded in USA and was established 2014-09-08. The fund is listed under Long-Short Equity category and is part of First Trust family. The entity is thematically classified as Long/short ETFs. First Trust LongShort currently have 483.17 M in assets under management (AUM). , while the total return for the last 3 years was 10.6%.
Check First Trust Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on First Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding First Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as First Trust LongShort Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
First Trust LongShort Currency Exposure
First Trust LongShort holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of First Trust will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in First Trust LongShort.
Top First Trust LongShort Etf Constituents
| CAG | ConAgra Foods | Stock | Consumer Staples | |
| NLY | Annaly Capital Management | Stock | Financials | |
| DBX | Dropbox | Stock | Information Technology | |
| BLK | BlackRock | Stock | Financials | |
| SHW | Sherwin Williams Co | Stock | Materials | |
| GILD | Gilead Sciences | Stock | Health Care | |
| V | Visa Class A | Stock | Financials | |
| KLAC | KLA Tencor | Stock | Information Technology |
First Trust Top Holders
| QALTX | Quantified Alternative Investment | Mutual Fund | Macro Trading | |
| QALAX | Quantified Alternative Investment | Mutual Fund | Macro Trading | |
| DALT | Regents Park Funds | Etf | Multistrategy |
First Trust LongShort Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.09) |
First Trust Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust LongShort. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of First Trust LongShort is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.