First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 12,379 shares, an increase of 758.5% from the August 15th total of 1,442 shares. Based on an average daily trading volume, of 2,370 shares, the short-interest ratio is currently 5.2 days. Approximately 2.8% of the company’s stock are sold short.
Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF
A number of institutional investors and hedge funds have recently bought and sold shares of CARZ. Forty three Eighteen Advisors LLC raised its stake in First Trust S-Network Future Vehicles & Technology ETF by 3.0% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 21,916 shares of the exchange traded fund’s stock valued at $1,771,000 after purchasing an additional 628 shares during the last quarter. World Equity Group Inc. purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the first quarter valued at approximately $1,005,000. GeoWealth Management LLC acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the third quarter worth approximately $740,000. Cetera Investment Advisers boosted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 33.5% during the fourth quarter. Cetera Investment Advisers now owns 7,464 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 6.4% during the third quarter. Envestnet Asset Management Inc. now owns 7,460 shares of the exchange traded fund’s stock worth $542,000 after purchasing an additional 446 shares during the last quarter.
First Trust S-Network Future Vehicles & Technology ETF Price Performance
Shares of CARZ traded up $1.41 during mid-day trading on Friday, reaching $107.33. The company’s stock had a trading volume of 252 shares, compared to its average volume of 3,910. First Trust S-Network Future Vehicles & Technology ETF has a 12-month low of $68.47 and a 12-month high of $123.17. The stock has a market cap of $48.30 million, a PE ratio of 18.05 and a beta of 1.43. The company’s 50 day moving average is $106.10 and its 200 day moving average is $102.22.
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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