Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Drops By 43.8%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 900 shares, a drop of 43.8% from the May 31st total of 1,600 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF

An institutional investor recently bought a new position in First Trust S-Network Future Vehicles & Technology ETF stock. Global Retirement Partners LLC purchased a new stake in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,854 shares of the exchange traded fund’s stock, valued at approximately $153,000. Global Retirement Partners LLC owned approximately 0.38% of First Trust S-Network Future Vehicles & Technology ETF at the end of the most recent quarter.

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

Shares of NASDAQ:CARZ traded down $0.36 during trading on Friday, reaching $58.42. 549 shares of the company’s stock traded hands, compared to its average volume of 2,186. First Trust S-Network Future Vehicles & Technology ETF has a fifty-two week low of $46.26 and a fifty-two week high of $60.30. The firm has a market cap of $37.97 million, a PE ratio of 17.65 and a beta of 1.27. The company has a 50-day simple moving average of $58.28 and a 200-day simple moving average of $57.08.

First Trust S-Network Future Vehicles & Technology ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.2658 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, June 27th.

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.