Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Declines By 71.0%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 252 shares, a drop of 71.0% from the June 15th total of 869 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,918 shares, the short-interest ratio is presently 0.1 days.

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

CARZ traded down $4.13 during trading on Monday, hitting $106.86. The stock had a trading volume of 4,911 shares, compared to its average volume of 3,981. The company has a 50 day moving average price of $113.90 and a 200-day moving average price of $95.42. The firm has a market cap of $48.09 million, a price-to-earnings ratio of 18.05 and a beta of 1.40. First Trust S-Network Future Vehicles & Technology ETF has a one year low of $61.51 and a one year high of $123.17.

Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Arax Advisory Partners acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter valued at about $26,000. Envestnet Asset Management Inc. boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 6.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,460 shares of the exchange traded fund’s stock valued at $542,000 after purchasing an additional 446 shares during the period. Osaic Holdings Inc. boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 24.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 506 shares during the period. Forty three Eighteen Advisors LLC increased its holdings 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 purchasing an additional 628 shares during the period. Finally, Jane Street Group LLC raised its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.0% in the fourth quarter. Jane Street Group LLC now owns 4,057 shares of the exchange traded fund’s stock valued at $316,000 after buying an additional 731 shares in the last quarter.

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.