Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Declines By 71.0%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 252 shares, a decline of 71.0% from the June 15th total of 869 shares. Based on an average daily volume of 3,918 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

First Trust S-Network Future Vehicles & Technology ETF Stock Down 0.5%

NASDAQ:CARZ traded down $0.52 on Tuesday, hitting $106.86. The stock had a trading volume of 4,911 shares, compared to its average volume of 3,981. First Trust S-Network Future Vehicles & Technology ETF has a 52-week low of $61.51 and a 52-week high of $123.17. The stock has a market cap of $48.09 million, a price-to-earnings ratio of 18.05 and a beta of 1.40. The business’s 50-day simple moving average is $113.98 and its two-hundred day simple moving average is $95.62.

Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during 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 in the second quarter valued at $59,000. Advisory Services Network LLC bought a new stake in First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth $157,000. Osaic Holdings Inc. raised its stake 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 valued at $159,000 after purchasing an additional 506 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 valued at $316,000 after purchasing an additional 731 shares in the last quarter.

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.