Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Rises By 758.5%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 12,379 shares, a growth of 758.5% from the August 15th total of 1,442 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average daily trading volume, of 2,370 shares, the short-interest ratio is presently 5.2 days.

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

CARZ stock opened at $105.92 on Friday. First Trust S-Network Future Vehicles & Technology ETF has a one year low of $68.19 and a one year high of $123.17. The firm has a market cap of $47.66 million, a PE ratio of 18.05 and a beta of 1.43. The firm’s 50 day moving average price is $106.13 and its 200-day moving average price is $102.19.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the 2nd quarter valued at $59,000. Jane Street Group LLC increased its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 77.4% during the 2nd quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock worth $439,000 after purchasing an additional 3,094 shares during the last quarter. Osaic Holdings Inc. raised 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 buying an additional 506 shares during the period. Envestnet Asset Management Inc. raised 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 buying an additional 446 shares during the period. Finally, GeoWealth Management LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at about $740,000.

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.