First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Update

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

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

Several institutional investors have recently made changes to their positions in CARZ. Compass Financial Management LLC bought a new stake in First Trust S-Network Future Vehicles & Technology ETF in the second quarter valued at about $327,000. World Equity Group Inc. bought a new position in First Trust S-Network Future Vehicles & Technology ETF during the first quarter worth about $1,005,000. Forty three Eighteen Advisors LLC boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 3.0% during 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 in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 33.5% during the fourth quarter. Cetera Investment Advisers now owns 7,464 shares of the exchange traded fund’s stock valued at $581,000 after purchasing an additional 1,871 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter valued at approximately $26,000.

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

CARZ traded down $0.75 during trading on Friday, reaching $105.76. 1,964 shares of the company’s stock were exchanged, compared to its average volume of 3,987. The company has a market capitalization of $47.59 million, a P/E ratio of 18.05 and a beta of 1.42. The business has a 50 day moving average price of $107.65 and a 200 day moving average price of $100.85. First Trust S-Network Future Vehicles & Technology ETF has a fifty-two week low of $65.49 and a fifty-two week high of $123.17.

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.