First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Sees Significant Increase in Short Interest

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 882 shares, a growth of 250.0% from the June 30th total of 252 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 4,366 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Horizon Wealth Management LLC acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter valued at approximately $4,209,000. Farther Finance Advisors LLC acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter worth approximately $2,277,000. Forty three Eighteen Advisors LLC boosted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 3.0% during the first quarter. Forty three Eighteen Advisors LLC now owns 21,916 shares of the exchange traded fund’s stock worth $1,771,000 after buying an additional 628 shares during the period. World Equity Group Inc. bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the 1st quarter worth approximately $1,005,000. Finally, GeoWealth Management LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter worth approximately $740,000.

First Trust S-Network Future Vehicles & Technology ETF Stock Performance

Shares of First Trust S-Network Future Vehicles & Technology ETF stock traded up $0.03 during trading on Monday, hitting $101.39. 11,502 shares of the stock were exchanged, compared to its average volume of 4,113. The stock’s fifty day moving average is $112.70 and its 200 day moving average is $97.27. The stock has a market cap of $45.63 million, a PE ratio of 18.05 and a beta of 1.40. First Trust S-Network Future Vehicles & Technology ETF has a 12 month low of $61.51 and a 12 month high of $123.17.

About First Trust S-Network Future Vehicles & Technology ETF

The First Trust S-Network Future Vehicles & Technology ETF (CARZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that provides exposure to electric and autonomous vehicles and the technology essential for the supply and production of these vehicles. Securities are selected and weighted by market-cap. CARZ was launched on May 9, 2011 and is managed by First Trust.