First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,553 shares, a growth of 60.1% from the September 30th total of 3,469 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 3,771 shares, the short-interest ratio is currently 1.5 days.
Institutional Trading of 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 company. World Equity Group Inc. acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the first quarter valued at $1,005,000. Forty three Eighteen Advisors LLC lifted its stake in First Trust S-Network Future Vehicles & Technology ETF by 3.0% during the 1st 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. Commonwealth Equity Services LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth about $400,000. Finally, Compass Financial Management LLC boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 23.8% during the 3rd quarter. Compass Financial Management LLC now owns 3,441 shares of the exchange traded fund’s stock valued at $371,000 after acquiring an additional 661 shares during the period.
First Trust S-Network Future Vehicles & Technology ETF Price Performance
Shares of CARZ stock traded down $1.14 during trading hours on Monday, hitting $93.59. The company had a trading volume of 566 shares, compared to its average volume of 3,985. The company’s fifty day moving average is $105.02 and its 200 day moving average is $100.26. First Trust S-Network Future Vehicles & Technology ETF has a fifty-two week low of $70.12 and a fifty-two week high of $123.17. The stock has a market capitalization of $42.12 million, a PE ratio of 18.05 and a beta of 1.45.
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.
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