# First Trust Long/Short Equity ETF (FTLS) — Overview

FTLS · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/ftls

## Price

Last close $77.23 on Oct 15, 2026. 52-week range $68.62 – $78.09.

## Fund profile

FTLS takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Sep 8, 2014 |
| Assets under management | $2.6B |
| Expense ratio | 1.38% |
| Net asset value | $77.51 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust Long/Short Equity ETF (FTLS)?

FTLS takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short.

### What is FTLS's expense ratio?

First Trust Long/Short Equity ETF charges an annual expense ratio of 1.38%. The fund is issued by First Trust Advisors L.P..

### How large is FTLS?

First Trust Long/Short Equity ETF manages $2.6B in assets and has traded since Sep 8, 2014.

### How do I buy shares of First Trust Long/Short Equity ETF (FTLS)?

FTLS trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).