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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,442 shares, a decrease of 56.8% from the July 30th total of 3,338 shares. Based on an average daily volume of 4,638 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Horizon Wealth Management LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter valued at approximately $4,209,000. World Equity Group Inc. bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the 1st quarter valued at $1,005,000. Forty three Eighteen Advisors LLC acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 4th quarter worth $1,658,000. Arax Advisory Partners bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the 4th quarter worth $26,000. Finally, Jane Street Group LLC boosted its stake in 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 in the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Trading Down 0.7%

First Trust S-Network Future Vehicles & Technology ETF stock traded down $0.75 during trading hours on Friday, reaching $105.76. 1,964 shares of the stock were exchanged, compared to its average volume of 3,987. The company has a market cap of $47.59 million, a P/E ratio of 18.05 and a beta of 1.42. First Trust S-Network Future Vehicles & Technology ETF has a twelve month low of $65.49 and a twelve month high of $123.17. The stock has a 50 day moving average of $107.65 and a two-hundred day moving average of $100.85.

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.