First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Update

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,100 shares, anincreaseof266.7% from the June 30th total of 300 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.8 days.

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

CARZ opened at $63.76 on Tuesday. The business’s 50-day moving average is $61.66 and its two-hundred day moving average is $57.77. First Trust S-Network Future Vehicles & Technology ETF has a 1 year low of $41.10 and a 1 year high of $65.57. The firm has a market capitalization of $28.69 million, a PE ratio of 18.05 and a beta of 1.27.

First Trust S-Network Future Vehicles & Technology ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.2967 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 26th. This is an increase from First Trust S-Network Future Vehicles & Technology ETF’s previous quarterly dividend of $0.06.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CARZ. Envestnet Asset Management Inc. boosted its stake in First Trust S-Network Future Vehicles & Technology ETF by 12.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,014 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 773 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 210.8% during the first quarter. Flow Traders U.S. LLC now owns 37,377 shares of the exchange traded fund’s stock worth $1,998,000 after purchasing an additional 25,351 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.8% during the first quarter. LPL Financial LLC now owns 42,569 shares of the exchange traded fund’s stock worth $2,275,000 after purchasing an additional 2,328 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.