First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ – Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 882 shares, an increase of 250.0% from the June 30th total of 252 shares. Based on an average daily volume of 4,366 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the second quarter worth about $59,000. Jane Street Group LLC boosted its stake in 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 buying an additional 3,094 shares during the last quarter. Osaic Holdings Inc. boosted its stake in First Trust S-Network Future Vehicles & Technology ETF by 24.6% during the second quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after buying an additional 506 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust S-Network Future Vehicles & Technology ETF by 6.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,460 shares of the exchange traded fund’s stock valued at $542,000 after buying an additional 446 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new position in First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter valued at approximately $740,000.
First Trust S-Network Future Vehicles & Technology ETF Stock Performance
CARZ traded down $2.44 during trading on Friday, reaching $101.60. 10,898 shares of the company traded hands, compared to its average volume of 4,061. First Trust S-Network Future Vehicles & Technology ETF has a 12-month low of $61.51 and a 12-month high of $123.17. The firm has a fifty day simple moving average of $112.70 and a 200 day simple moving average of $97.16. The company has a market cap of $45.72 million, a P/E ratio of 18.05 and a beta of 1.40.
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.
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