First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Shares Shorted: Short Interest Up 60.1% in October

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 5,553 shares, an increase of 60.1% from the September 30th total of 3,469 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,771 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CARZ. Compass Financial Management LLC acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the second quarter worth $327,000. Commonwealth Equity Services LLC purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth $400,000. World Equity Group Inc. acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the 1st quarter worth about $1,005,000. Finally, Forty three Eighteen Advisors LLC raised its holdings in First Trust S-Network Future Vehicles & Technology ETF by 3.0% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 21,916 shares of the exchange traded fund’s stock valued at $1,771,000 after buying an additional 628 shares during the period.

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

Shares of NASDAQ CARZ traded down $1.14 during trading on Monday, hitting $93.59. 566 shares of the company were exchanged, compared to its average volume of 3,985. First Trust S-Network Future Vehicles & Technology ETF has a 12-month low of $70.12 and a 12-month high of $123.17. The company has a fifty day moving average price of $105.02 and a 200-day moving average price of $100.26. The firm has a market capitalization of $42.12 million, a PE ratio of 18.05 and a beta of 1.45.

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.