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Smart Investors Daily
FT

NYSE · FTLS

First Trust Long/Short Equity ETF

Financial Services · Asset Management

$76.65

Up+$0.00 (+0.00%)

Updated Sep 19, 2026, 12:55 AM

SID Score

5.0/10

Composite research score

Smart Money

Institutional and insider signal

Market cap
2.14B
P/E ratio
Dividend yield
1.09%
52-week range
$67.94 – $77.52
Volume
193.57K
Avg. volume
111.81K

Price performance

FTLS price history

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Latest FTLS news

The latest Smart Investors Daily articles mentioning FTLS.

FTLS research

Overview

Company profile and research snapshot.

Company profile

Under normal conditions, the fund will expose at least 80% of its net assets (including investment borrowings) to U.S. exchange-listed equity securities and/or U.S. exchange-traded funds ("ETFs") that provide exposure to U.S. exchange-listed equity securities. It pursues its investment objective by establishing long and short positions in its portfolio of U.S. exchange-listed equity securities and ETFs. The fund may invest up to 20% of its net assets (including investment borrowings) in U.S. exchange-listed equity index futures contracts.

Analyst outlook

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Consensus
Average target
Implied upside
Analysts
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seekingalpha.com · Sep 30, 2025

FTLS: Reaffirming My Buy Recommendation

First Trust Long/Short Equity ETF remains a Buy for conservative and balanced investors seeking downside protection amid frothy market valuations. FTLS offers competitive returns with significantly lower volatility and superior downside protection compared to the S&P 500, making it ideal for risk-averse portfolios. While FTLS lags in up markets and has a high expense ratio (1.38%), its low beta and consistent risk-adjusted returns justify its inclusion for diversification.

AI research layers

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