Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Increases By 95.3%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 869 shares, a growth of 95.3% from the May 31st total of 445 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 3,514 shares, the short-interest ratio is currently 0.2 days.

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

Shares of First Trust S-Network Future Vehicles & Technology ETF stock remained flat at $113.90 during trading hours on Thursday. The company’s stock had a trading volume of 1,041 shares, compared to its average volume of 3,916. First Trust S-Network Future Vehicles & Technology ETF has a one year low of $61.23 and a one year high of $123.17. The company has a market capitalization of $51.26 million, a price-to-earnings ratio of 18.05 and a beta of 1.40. The company’s 50-day moving average is $112.20 and its two-hundred day moving average is $93.74.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Large investors have recently added to or reduced their stakes in the business. Arax Advisory Partners purchased a new stake in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at about $26,000. Raymond James Financial Inc. purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 2nd quarter worth about $59,000. Advisory Services Network LLC acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth approximately $157,000. Osaic Holdings Inc. boosted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 24.6% in the second quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock worth $159,000 after acquiring an additional 506 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in First Trust S-Network Future Vehicles & Technology ETF by 22.0% in the fourth 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 period.

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.