First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Sees Significant Increase in Short Interest

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant increase in short interest in 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. Based on an average daily trading volume, of 4,539 shares, the short-interest ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arax Advisory Partners bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter valued at about $26,000. Raymond James Financial Inc. bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the second quarter worth about $59,000. Advisory Services Network LLC bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the third quarter worth about $157,000. Osaic Holdings Inc. increased 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 valued at $159,000 after buying an additional 506 shares during the period. Finally, Jane Street Group LLC increased 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 valued at $316,000 after buying an additional 731 shares during the period.

First Trust S-Network Future Vehicles & Technology ETF Trading Up 1.1%

Shares of First Trust S-Network Future Vehicles & Technology ETF stock opened at $109.59 on Friday. The company has a market cap of $49.32 million, a PE ratio of 18.05 and a beta of 1.42. The company has a 50 day moving average of $109.37 and a 200-day moving average of $99.36. First Trust S-Network Future Vehicles & Technology ETF has a 1-year low of $64.95 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.