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

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

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

Institutional investors have recently added to or reduced their stakes in the stock. Horizon Wealth Management LLC bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at $4,209,000. Forty three Eighteen Advisors LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter worth about $1,658,000. World Equity Group Inc. bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the first quarter valued at about $1,005,000. GeoWealth Management LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at about $740,000. Finally, Jane Street Group LLC boosted its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 77.4% during the second quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 3,094 shares in the last quarter.

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

First Trust S-Network Future Vehicles & Technology ETF stock opened at $105.76 on Monday. First Trust S-Network Future Vehicles & Technology ETF has a 12-month low of $65.49 and a 12-month high of $123.17. The business’s 50-day moving average price is $107.65 and its two-hundred day moving average price is $100.95. The stock has a market cap of $47.59 million, a PE ratio of 18.05 and a beta of 1.42.

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.