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

by · The Markets Daily

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,442 shares, a drop of 56.8% from the July 30th total of 3,338 shares. Based on an average trading volume of 4,638 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CARZ. Raymond James Financial Inc. acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the second quarter worth approximately $59,000. Jane Street Group LLC raised its holdings in First Trust S-Network Future Vehicles & Technology ETF by 77.4% in the 2nd quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock valued at $439,000 after acquiring an additional 3,094 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after acquiring an additional 506 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of 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 acquiring an additional 446 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth $740,000.

First Trust S-Network Future Vehicles & Technology ETF Trading Down 0.7%

NASDAQ CARZ traded down $0.75 during trading on Friday, reaching $105.76. The company’s stock had a trading volume of 1,964 shares, compared to its average volume of 3,987. The firm has a market capitalization of $47.59 million, a price-to-earnings ratio of 18.05 and a beta of 1.42. 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 firm has a 50 day moving average price of $107.65 and a 200 day moving average price of $100.85.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

(Get Free Report)

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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