The First Trust Long/Short Equity ETF (NYSE:FTLS) is seeing unusually high volume in afternoon trading Wednesday, with over 464,000 shares traded versus three month average volume of about 31,000. Shares of FTLS were off about 0.1% on the day.
Components of that ETF with the highest volume on Wednesday were SPDR Standard and Poors 500 ETF (NYSE:SPY), trading up about 0.1% with over 27.8 million shares changing hands so far this session, and Ford Motor (NYSE:F), up about 0.3% on volume of over 22.1 million shares. Newlink Genetics (NLNK) is the component faring the best Wednesday, higher by about 9.9% on the day, while AMN Healthcare Services (NYSE:AMN) is lagging other components of the First Trust Long/Short Equity ETF, trading lower by about 2.8%.
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