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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 800 shares, a decline of 42.9% from the February 13th total of 1,400 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in shares of 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 valued at $441,000 after buying an additional 1,380 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the third quarter valued at approximately $29,000. Jane Street Group LLC grew its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% during the third quarter. Jane Street Group LLC now owns 16,212 shares of the exchange traded fund’s stock valued at $940,000 after buying an additional 6,651 shares during the last quarter. Stifel Financial Corp grew its stake in shares of 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 valued at $229,000 after buying an additional 203 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 92.6% during the third quarter. Flow Traders U.S. LLC now owns 9,878 shares of the exchange traded fund’s stock valued at $573,000 after buying an additional 4,750 shares during the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Stock Up 3.0 %

NASDAQ CARZ traded up $1.65 during trading hours on Friday, hitting $56.47. 527 shares of the company were exchanged, compared to its average volume of 2,163. The stock has a 50-day moving average price of $58.58 and a 200 day moving average price of $57.85. First Trust S-Network Future Vehicles & Technology ETF has a 52 week low of $50.83 and a 52 week high of $63.10. The stock has a market cap of $31.06 million, a PE ratio of 16.64 and a beta of 1.27.

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.