First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Up 95.3% in June

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 869 shares, an increase of 95.3% from the May 31st total of 445 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,514 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Several institutional investors have recently modified their holdings of CARZ. Horizon Wealth Management LLC bought a new stake in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter worth approximately $4,209,000. Flow Traders U.S. LLC grew its position in First Trust S-Network Future Vehicles & Technology ETF by 23.2% during the third quarter. Flow Traders U.S. LLC now owns 42,060 shares of the exchange traded fund’s stock valued at $3,057,000 after acquiring an additional 7,929 shares during the last quarter. Farther Finance Advisors LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter valued at approximately $2,277,000. Forty three Eighteen Advisors LLC raised its stake 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 acquiring an additional 628 shares in the last quarter. Finally, World Equity Group Inc. purchased a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 1st quarter valued at $1,005,000.

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

NASDAQ CARZ traded down $2.48 during trading hours on Wednesday, reaching $116.05. 449 shares of the stock traded hands, compared to its average volume of 3,912. The stock has a 50 day simple moving average of $111.84 and a two-hundred day simple moving average of $93.50. First Trust S-Network Future Vehicles & Technology ETF has a 1 year low of $61.23 and a 1 year high of $123.17. The company has a market cap of $58.02 million, a price-to-earnings ratio of 18.05 and a beta of 1.40.

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.