First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Update

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 517 shares, a decrease of 94.3% from the April 30th total of 9,089 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,446 shares, the short-interest ratio is presently 0.1 days.

First Trust S-Network Future Vehicles & Technology ETF Stock Down 0.6%

Shares of NASDAQ:CARZ traded down $0.67 during trading on Wednesday, hitting $118.45. 1,754 shares of the company were exchanged, compared to its average volume of 4,041. The business’s 50 day moving average is $96.75 and its 200-day moving average is $86.68. The company has a market capitalization of $59.23 million, a P/E ratio of 18.05 and a beta of 1.37. First Trust S-Network Future Vehicles & Technology ETF has a 1-year low of $56.88 and a 1-year high of $119.32.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CARZ. Horizon Wealth Management LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter worth about $4,209,000. Farther Finance Advisors LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter worth about $2,277,000. Forty three Eighteen Advisors LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the 4th quarter worth about $1,658,000. World Equity Group Inc. acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the 1st quarter worth about $1,005,000. Finally, GeoWealth Management LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter worth about $740,000.

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. Securities are selected and weighted by market-cap. CARZ was launched on May 9, 2011 and is managed by First Trust.