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) was the recipient of a significant decline in short interest in 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,700 shares, the short-interest ratio is currently 0.3 days.

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

Shares of NASDAQ CARZ traded up $1.65 during trading hours on Friday, reaching $56.47. The stock had a trading volume of 527 shares, compared to its average volume of 2,163. The firm has a market cap of $31.06 million, a price-to-earnings ratio of 16.64 and a beta of 1.27. The business’s fifty day moving average price is $58.58 and its two-hundred day moving average price is $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.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,591 shares of the exchange traded fund’s stock valued at $441,000 after purchasing an additional 1,380 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at approximately $29,000. Jane Street Group LLC lifted its holdings in 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 worth $940,000 after buying an additional 6,651 shares during the period. Stifel Financial Corp lifted its holdings in 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 worth $229,000 after buying an additional 203 shares during the period. Finally, Flow Traders U.S. LLC lifted its holdings in 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 worth $573,000 after buying an additional 4,750 shares during the period.

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.