First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 252 shares, a decrease of 71.0% from the June 15th total of 869 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,918 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC increased its holdings in First Trust S-Network Future Vehicles & Technology ETF by 23.2% in the third quarter. Flow Traders U.S. LLC now owns 42,060 shares of the exchange traded fund’s stock valued at $3,057,000 after purchasing an additional 7,929 shares during the last quarter. Horizon Wealth Management LLC bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at about $4,209,000. Farther Finance Advisors LLC acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at approximately $2,277,000. Forty three Eighteen Advisors LLC acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter valued at approximately $1,658,000. Finally, Advisory Services Network LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth approximately $157,000.
First Trust S-Network Future Vehicles & Technology ETF Price Performance
Shares of NASDAQ:CARZ traded down $0.27 during trading on Friday, reaching $110.99. The stock had a trading volume of 3,520 shares, compared to its average volume of 3,974. First Trust S-Network Future Vehicles & Technology ETF has a 52 week low of $61.51 and a 52 week high of $123.17. The business’s 50-day moving average price is $113.90 and its 200 day moving average price is $95.42. The stock has a market capitalization of $49.95 million, a PE ratio of 18.05 and a beta of 1.40.
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.
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