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

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

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

Institutional investors have recently modified their holdings of the business. Forty three Eighteen Advisors LLC increased its holdings in First Trust S-Network Future Vehicles & Technology ETF by 3.0% in the first 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 period. Compass Financial Management LLC lifted its holdings in 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 in the 3rd quarter valued at about $400,000. Finally, World Equity Group Inc. bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 1st quarter valued at about $1,005,000.

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

NASDAQ:CARZ opened at $93.05 on Tuesday. The firm’s 50 day simple moving average is $104.75 and its 200 day simple moving average is $100.30. First Trust S-Network Future Vehicles & Technology ETF has a one year low of $70.12 and a one year high of $123.17. The company has a market cap of $41.87 million, a PE ratio of 18.05 and a beta of 1.45.

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.