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 – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,300 shares, an increase of 160.0% from the April 30th total of 500 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 2,800 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF
Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,591 shares of the exchange traded fund’s stock valued at $441,000 after acquiring an additional 1,380 shares during the period. Flow Traders U.S. LLC grew its holdings in First Trust S-Network Future Vehicles & Technology ETF by 210.8% during the 1st quarter. Flow Traders U.S. LLC now owns 37,377 shares of the exchange traded fund’s stock worth $1,998,000 after acquiring an additional 25,351 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.8% during the 1st quarter. LPL Financial LLC now owns 42,569 shares of the exchange traded fund’s stock worth $2,275,000 after buying an additional 2,328 shares during the last quarter.
First Trust S-Network Future Vehicles & Technology ETF Trading Up 0.1%
First Trust S-Network Future Vehicles & Technology ETF stock opened at $58.45 on Friday. First Trust S-Network Future Vehicles & Technology ETF has a 12-month low of $41.10 and a 12-month high of $63.10. The stock has a market cap of $29.22 million, a P/E ratio of 16.24 and a beta of 1.27. The company has a 50-day moving average price of $53.48 and a 200 day moving average price of $56.74.
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.
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