First Trust Long/Short Equity ETF
FTLS NYSE Arca
First Trust Long/Short Equity ETF intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities. Under normal conditions, the fund will expose at least 80% of its net assets (including investment borrowings) to U.S. exchange-listed equity se...
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- Fund size
- 260M as of Feb 2020
- Expense ratio
- 1.48% per year
- Dividend yield
- 0.59% Quarterly
- Volatility · 1Y
- 7.9% Low Risk
- Beta
- 0.51 vs the market
- 52-week range
- 68.1978.01
How FTLS has paid off
Price return over every period, and total return with dividends reinvested, set against price alone.
Return by period
Price · to Oct 12Total return vs price return
Price onlyOver 1 year, FTLS returned +14.7% with dividends reinvested — dividends added +0.7 pts to the price move.
How bumpy is the ride?
Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.
Volatility
Annualized · 1YA typical year sees the price swing about ±8% around its trend.
Drawdown from peak
How far below its previous high the price has been Deepest fall −3.8% on Mar 20, 2026 — 46 days after the previous high
More than 5% below a high 0% of the time.
Market sensitivity
BetaA beta of 0.51 means FTLS has moved less than the market.
Trend & momentum
Where the price sits against its moving averages, and how stretched the recent move is.
Price vs moving averages
Uptrend- 12-day average77.43 +0.7%
- 26-day average76.98 +1.3%
- 50-day average76.40 +2.1%
- 200-day average73.58 +6.0%
The price is above 4 of 4 averages. The 50-day average is above the 200-day, a sign of a rising longer-term trend.
Relative strength (RSI)
OverboughtRSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.
Technical indicators describe past prices. They are not a forecast.
Inside the fund
Smart Betas · Long / Short — tracking the Not Applicable.
- Assets under management260MUSD
- Expense ratio1.48%per year
- Holdings305
- Risk score5.0Medium
Launched September 2014. Fund data as of Feb 28, 2020.
What it pays you
Cash distributions over the last twelve months, and how they have grown.
About 6 USD a year for every 1,000 USD invested at today's price.
- Per share
- 0.46
- Frequency
- Quarterly
- Last paid
- Sep 24, 2026
Last 12 months
0.46 USD / shareWhere FTLS shows up
Curated themes and indices that hold FTLS. Open one to see it in context, or test the whole theme in a portfolio.
About First Trust Long/Short Equity ETF
First Trust Long/Short Equity ETF intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities. 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.
- Featured in 1 curated theme
- 305 holdings
- Ticker
- FTLS
- Exchange
- NYSE Arca
- ISIN
- US33739P1030
- CUSIP
- 33739P103
- Currency
- U.S. Dollar (USD)
- Country
- USA
- Sector
- Smart Betas
- Industry
- Long / Short
- Benchmark
- Not Applicable
All key statistics
Details
Shareas of Oct 12, 2026
Dataas of Feb 28, 2020
Put FTLS to the test
See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.
Data for information only, not investment advice. Past performance does not guarantee future results.