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

by · The Cerbat Gem

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 517 shares, a decrease of 94.3% from the April 30th total of 9,089 shares. Based on an average daily volume of 6,446 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Arax Advisory Partners purchased a new stake in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter worth approximately $26,000. Raymond James Financial Inc. purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 2nd quarter valued at approximately $59,000. Advisory Services Network LLC acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter valued at $157,000. Osaic Holdings Inc. boosted its holdings 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 worth $159,000 after buying an additional 506 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 22.0% during the fourth quarter. Jane Street Group LLC now owns 4,057 shares of the exchange traded fund’s stock worth $316,000 after buying an additional 731 shares in the last quarter.

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

Shares of CARZ stock opened at $118.45 on Thursday. The stock has a market cap of $59.23 million, a PE ratio of 18.05 and a beta of 1.37. The business has a 50-day simple moving average of $96.75 and a 200-day simple moving average of $86.68. First Trust S-Network Future Vehicles & Technology ETF has a 52-week low of $56.88 and a 52-week high of $119.32.

About First Trust S-Network Future Vehicles & Technology ETF

(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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