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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,338 shares, a growth of 278.5% from the July 15th total of 882 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 4,539 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

Hedge funds have recently modified their holdings of the stock. Horizon Wealth Management LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at about $4,209,000. Farther Finance Advisors LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at about $2,277,000. World Equity Group Inc. acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the first quarter worth approximately $1,005,000. Forty three Eighteen Advisors LLC acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter worth approximately $1,658,000. Finally, Arax Advisory Partners acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter worth approximately $26,000.

First Trust S-Network Future Vehicles & Technology ETF Trading Up 1.7%

CARZ opened at $108.77 on Thursday. The stock’s fifty day simple moving average is $109.63 and its 200 day simple moving average is $99.13. First Trust S-Network Future Vehicles & Technology ETF has a 1-year low of $64.95 and a 1-year high of $123.17. The stock has a market cap of $48.95 million, a PE ratio of 18.05 and a beta of 1.42.

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.