First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Down 71.0% in June

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 252 shares, a decline of 71.0% from the June 15th total of 869 shares. Based on an average daily trading volume, of 3,918 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

First Trust S-Network Future Vehicles & Technology ETF Stock Down 0.2%

Shares of CARZ traded down $0.27 during trading hours on Friday, reaching $110.99. The stock had a trading volume of 3,520 shares, compared to its average volume of 3,974. First Trust S-Network Future Vehicles & Technology ETF has a 52 week low of $61.51 and a 52 week high of $123.17. The firm has a 50-day moving average of $113.90 and a 200 day moving average of $95.42. The company has a market cap of $49.95 million, a P/E ratio of 18.05 and a beta of 1.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arax Advisory Partners bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter worth about $26,000. Raymond James Financial Inc. bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 2nd 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 during the 3rd quarter valued at about $157,000. Osaic Holdings Inc. lifted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 506 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.0% in the 4th quarter. Jane Street Group LLC now owns 4,057 shares of the exchange traded fund’s stock valued at $316,000 after purchasing 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.