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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 80.0% from the March 31st total of 1,000 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust S-Network Future Vehicles & Technology ETF Stock Down 2.2 %

CARZ stock opened at $52.79 on Thursday. First Trust S-Network Future Vehicles & Technology ETF has a 52 week low of $41.10 and a 52 week high of $63.10. The business has a 50-day simple moving average of $53.53 and a 200 day simple moving average of $56.88. The company has a market cap of $29.03 million, a PE ratio of 14.60 and a beta of 1.27.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CARZ. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth approximately $29,000. Stifel Financial Corp lifted its stake in First Trust S-Network Future Vehicles & Technology ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 3,940 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 203 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust S-Network Future Vehicles & Technology ETF by 22.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,591 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% in the 3rd quarter. Jane Street Group LLC now owns 16,212 shares of the exchange traded fund’s stock valued at $940,000 after purchasing an additional 6,651 shares in the last quarter.

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.