Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Rises By 278.5%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,338 shares, an increase of 278.5% from the July 15th total of 882 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 4,539 shares, the days-to-cover ratio is currently 0.7 days.

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

Several institutional investors have recently bought and sold shares of CARZ. Horizon Wealth Management LLC acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 4th quarter worth approximately $4,209,000. Farther Finance Advisors LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter worth $2,277,000. Forty three Eighteen Advisors LLC lifted its holdings in 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 valued at $1,771,000 after purchasing an additional 628 shares in the last quarter. World Equity Group Inc. purchased a new position in First Trust S-Network Future Vehicles & Technology ETF during the first quarter valued at $1,005,000. Finally, GeoWealth Management LLC acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at about $740,000.

First Trust S-Network Future Vehicles & Technology ETF Stock Up 0.8%

Shares of CARZ stock traded up $0.88 during mid-day trading on Friday, hitting $109.30. 511 shares of the stock were exchanged, compared to its average volume of 4,076. The firm has a fifty day moving average of $109.39 and a 200 day moving average of $99.29. First Trust S-Network Future Vehicles & Technology ETF has a 52-week low of $64.95 and a 52-week high of $123.17. The company has a market cap of $49.19 million, a PE ratio of 18.05 and a beta of 1.42.

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.