First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Sees Large Increase in Short Interest

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 12,700 shares, a growth of 504.8% from the December 15th total of 2,100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 3.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CARZ. Stifel Financial Corp raised its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 3,940 shares of the exchange traded fund’s stock valued at $229,000 after acquiring an additional 203 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at about $29,000. Flow Traders U.S. LLC lifted its stake in shares of 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 purchasing an additional 4,750 shares in the last quarter. Jane Street Group LLC boosted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% in 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. Finally, International Assets Investment Management LLC grew its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 184,457.7% in the third quarter. International Assets Investment Management LLC now owns 191,940 shares of the exchange traded fund’s stock valued at $11,133,000 after buying an additional 191,836 shares in the last quarter.

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

CARZ stock traded down $0.76 during trading on Monday, reaching $57.67. 385 shares of the stock traded hands, compared to its average volume of 3,512. The business’s 50 day moving average price is $58.54 and its 200-day moving average price is $57.54. The firm has a market capitalization of $31.72 million, a PE ratio of 17.65 and a beta of 1.27. First Trust S-Network Future Vehicles & Technology ETF has a 52-week low of $50.83 and a 52-week high of $63.10.

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

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2887 per share. The ex-dividend date was Friday, December 13th.

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.