First Trust Long/Short Equity ETF Experiences Big Outflow

Approximately $309.8 million flowed out of the First Trust Long/Short Equity ETF (FTLS), representing a 12.7% week-over-week decline in shares outstanding. ETF Channel identified FTLS as a standout in week-over-week ETF shares outstanding changes, indicating notable redemptions for that fund.

Analysis

Approximately $309.8 million flowed out of the First Trust Long/Short Equity ETF (FTLS), representing a 12.7% week-over-week decline in shares outstanding. ETF Channel identified FTLS as a standout in week-over-week ETF shares outstanding changes, indicating notable redemptions for that fund.