First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Stock Short Interest Falls 71.3%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,547 shares, a drop of 71.3% from the August 31st total of 12,379 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 3,322 shares, the days-to-cover ratio is currently 1.1 days.

First Trust S-Network Future Vehicles & Technology ETF Price Performance

CARZ opened at $109.20 on Friday. The company has a market cap of $49.14 million, a price-to-earnings ratio of 18.05 and a beta of 1.43. The firm has a 50 day simple moving average of $105.77 and a 200 day simple moving average of $103.70. 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.

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 business. Compass Financial Management LLC bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the 2nd quarter worth $327,000. World Equity Group Inc. acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the first quarter valued at about $1,005,000. Finally, Forty three Eighteen Advisors LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter worth about $1,658,000.

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.