First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Up 95.3% in June

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 869 shares, an increase of 95.3% from the May 31st total of 445 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 3,514 shares, the days-to-cover ratio is presently 0.2 days.

First Trust S-Network Future Vehicles & Technology ETF Price Performance

Shares of CARZ traded down $2.48 during trading hours on Wednesday, hitting $116.05. The company’s stock had a trading volume of 449 shares, compared to its average volume of 3,912. The business has a 50 day simple moving average of $111.84 and a two-hundred day simple moving average of $93.50. First Trust S-Network Future Vehicles & Technology ETF has a 52-week low of $61.23 and a 52-week high of $123.17. The company has a market cap of $58.02 million, a price-to-earnings ratio of 18.05 and a beta of 1.40.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. World Equity Group Inc. bought a new stake in First Trust S-Network Future Vehicles & Technology ETF during the 1st quarter valued at $1,005,000. Forty three Eighteen Advisors LLC boosted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 3.0% in the first quarter. Forty three Eighteen Advisors LLC now owns 21,916 shares of the exchange traded fund’s stock worth $1,771,000 after acquiring an additional 628 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 33.5% in the fourth quarter. Cetera Investment Advisers now owns 7,464 shares of the exchange traded fund’s stock worth $581,000 after acquiring an additional 1,871 shares during the period. Arax Advisory Partners purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter valued at $26,000. Finally, Jane Street Group LLC grew its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.0% in 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.