First Trust Equity Market Neutral ETF (NTRL)

The First Trust Equity Market Neutral ETF (NTRL) is a fund from First Trust Advisors that pursues a market-neutral equity strategy.

It holds long positions in stocks and offsetting short positions in other stocks, so that the overall exposure to the direction of the stock market is kept close to zero. Returns are intended to come from the difference in performance between the long and short sides rather than from broad market moves.