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 increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,338 shares, an increase of 278.5% from the July 15th total of 882 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 4,539 shares, the short-interest ratio is presently 0.7 days.

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

CARZ opened at $108.77 on Thursday. The business has a fifty day simple moving average of $109.63 and a 200 day simple moving average of $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 company has a market capitalization of $48.95 million, a PE ratio of 18.05 and a beta of 1.42.

Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF

A number of institutional investors have recently modified their holdings of CARZ. Arax Advisory Partners acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter valued at about $26,000. Raymond James Financial Inc. bought a new position in First Trust S-Network Future Vehicles & Technology ETF during the second quarter worth about $59,000. Advisory Services Network LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF during the third quarter worth about $157,000. Osaic Holdings Inc. raised its stake in First Trust S-Network Future Vehicles & Technology ETF by 24.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock worth $159,000 after purchasing an additional 506 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in First Trust S-Network Future Vehicles & Technology ETF by 22.0% in the 4th quarter. Jane Street Group LLC now owns 4,057 shares of the exchange traded fund’s stock worth $316,000 after purchasing an additional 731 shares in the last quarter.

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.