First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Shares Shorted: Short Interest Down 71.3% in September

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,547 shares, a decrease of 71.3% from the August 31st total of 12,379 shares. Based on an average daily volume of 3,322 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

Institutional investors have recently bought and sold shares of the business. Compass Financial Management LLC acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the 2nd quarter valued at $327,000. World Equity Group Inc. acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the first quarter worth $1,005,000. Finally, Forty three Eighteen Advisors LLC bought a new stake in First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter valued at about $1,658,000.

First Trust S-Network Future Vehicles & Technology ETF Trading Up 0.3%

Shares of NASDAQ:CARZ traded up $0.30 during trading on Friday, hitting $109.20. 8,436 shares of the company’s stock were exchanged, compared to its average volume of 4,039. The firm has a market cap of $49.14 million, a P/E ratio of 18.05 and a beta of 1.43. The firm has a 50-day moving average price of $105.77 and a two-hundred day moving average price of $103.70. First Trust S-Network Future Vehicles & Technology ETF has a 1-year low of $70.12 and a 1-year high of $123.17.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

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.