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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw 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. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,771 shares, the short-interest ratio is currently 1.5 days.

First Trust S-Network Future Vehicles & Technology ETF Stock Up 0.6%

Shares of CARZ opened at $94.05 on Wednesday. First Trust S-Network Future Vehicles & Technology ETF has a 12-month low of $70.12 and a 12-month high of $123.17. The firm has a market capitalization of $42.32 million, a PE ratio of 18.05 and a beta of 1.45. The stock’s fifty day simple moving average is $104.49 and its 200-day simple moving average is $100.36.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARZ. Forty three Eighteen Advisors LLC boosted its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 3.0% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 21,916 shares of the exchange traded fund’s stock valued at $1,771,000 after purchasing an additional 628 shares during the last quarter. Compass Financial Management LLC grew its position in shares of 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 worth $371,000 after buying an additional 661 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the third quarter worth approximately $400,000. Finally, World Equity Group Inc. bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the first quarter worth approximately $1,005,000.

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.