Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Increases By 250.0%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 882 shares, a growth of 250.0% from the June 30th total of 252 shares. Based on an average daily trading volume, of 4,366 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CARZ. Raymond James Financial Inc. purchased a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the second quarter worth approximately $59,000. Jane Street Group LLC boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 77.4% during 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 during the period. Osaic Holdings Inc. boosted its holdings in 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. boosted its holdings in 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 bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter valued at $740,000.

First Trust S-Network Future Vehicles & Technology ETF Trading Up 0.4%

Shares of CARZ stock traded up $0.42 during trading hours on Tuesday, reaching $101.39. 11,502 shares of the stock were exchanged, compared to its average volume of 4,113. The firm has a market capitalization of $45.63 million, a price-to-earnings ratio of 18.05 and a beta of 1.40. First Trust S-Network Future Vehicles & Technology ETF has a 12-month low of $61.51 and a 12-month high of $123.17. The company’s 50-day moving average price is $112.55 and its 200-day moving average price is $97.40.

About First Trust S-Network Future Vehicles & Technology ETF

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.