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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 517 shares, a decline of 94.3% from the April 30th total of 9,089 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 6,446 shares, the days-to-cover ratio is presently 0.1 days.

First Trust S-Network Future Vehicles & Technology ETF Stock Down 0.1%

CARZ traded down $0.11 during midday trading on Friday, hitting $119.23. 1,232 shares of the company were exchanged, compared to its average volume of 3,988. The firm has a market capitalization of $59.62 million, a P/E ratio of 18.05 and a beta of 1.37. First Trust S-Network Future Vehicles & Technology ETF has a 1-year low of $56.88 and a 1-year high of $120.00. The firm’s 50 day moving average price is $98.20 and its 200-day moving average price is $87.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arax Advisory Partners bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at $26,000. Raymond James Financial Inc. bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 2nd quarter valued at $59,000. Advisory Services Network LLC bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter valued at $157,000. Osaic Holdings Inc. boosted its stake in shares of 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 valued at $159,000 after purchasing an additional 506 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of 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 valued at $316,000 after purchasing an additional 731 shares during 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.