Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Rises By 250.0%

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

First Trust S-Network Future Vehicles & Technology ETF Stock Down 2.3%

NASDAQ:CARZ traded down $2.44 during trading hours on Friday, hitting $101.60. 10,898 shares of the stock traded hands, compared to its average volume of 4,061. First Trust S-Network Future Vehicles & Technology ETF has a 1 year low of $61.51 and a 1 year high of $123.17. The company has a market cap of $45.72 million, a price-to-earnings ratio of 18.05 and a beta of 1.40. The stock has a 50 day moving average price of $112.70 and a 200 day moving average price of $97.16.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Arax Advisory Partners purchased a new stake in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter worth $26,000. Raymond James Financial Inc. purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the second quarter valued at about $59,000. Advisory Services Network LLC bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth about $157,000. Osaic Holdings Inc. boosted its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 24.6% in the second quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock worth $159,000 after acquiring an additional 506 shares during the period. Finally, Jane Street Group LLC boosted its stake 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 worth $316,000 after acquiring an additional 731 shares during the period.

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.