Looking at recent changes in exchange-traded funds (ETFs), the First Trust Long/Short Equity ETF (FTLS) experienced a significant outflow of approximately $309.8 million, marking a 12.7% decrease in outstanding shares from 35,100,002 to 30,650,002. This change was noted in the week leading up to October 2023.
In trading today, key holdings in FTLS include ProShares Trust – Ultra Semiconductors (USD), which fell by about 1.4%, and Capital One Financial Corp (COF), down 0.4%. Conversely, The Charles Schwab Corporation (SCHW) saw a slight increase of 0.4%. FTLS has a 52-week price range with a low of $58.90 and a high of $72.39, with the last trade recorded at $69.98.
This substantial outflow indicates shifts in investor demand, likely impacting the ETF’s underlying components significantly.
