LBAY - FTLS: Long-Short ETF With Good Fundamentals And Low Volatility

2024-02-08 09:39:15 ET

Summary

• First Trust Long/Short Equity ETF is an actively managed fund with a long-short stock strategy based on proprietary quantitative models.
• Valuation, growth, and quality metrics are superior to the S&P 500 benchmark.
• Since 2020, FTLS has been among the best-performing long-short equity ETFs. Since 2015, it has lagged one of them but is much less volatile.

FTLS strategy

First Trust Long/Short Equity ETF (FTLS) is an actively managed fund launched on 9/8/2014. It has 233 holdings and a trailing 12-month dividend yield of 1.48%. Distributions are paid quarterly. The total expense ratio is 1.41%, including 0.95% of management fee and 0.46% of margin interest and dividends on short positions....

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