Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Expands By 504.8%

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CARZ. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter valued at approximately $29,000. Stifel Financial Corp raised its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.4% in the third quarter. Stifel Financial Corp now owns 3,940 shares of the exchange traded fund’s stock worth $229,000 after acquiring an additional 203 shares during the period. Flow Traders U.S. LLC boosted its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 92.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 9,878 shares of the exchange traded fund’s stock worth $573,000 after acquiring an additional 4,750 shares in the last quarter. Jane Street Group LLC grew its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% during the 3rd quarter. Jane Street Group LLC now owns 16,212 shares of the exchange traded fund’s stock valued at $940,000 after acquiring an additional 6,651 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 184,457.7% in the 3rd quarter. International Assets Investment Management LLC now owns 191,940 shares of the exchange traded fund’s stock valued at $11,133,000 after purchasing an additional 191,836 shares in the last quarter.

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

NASDAQ:CARZ traded up $0.26 during mid-day trading on Tuesday, hitting $58.49. The company’s stock had a trading volume of 1,187 shares, compared to its average volume of 2,298. The stock has a market cap of $32.17 million, a price-to-earnings ratio of 17.65 and a beta of 1.27. The business’s fifty day moving average is $58.94 and its two-hundred day moving average is $57.46. First Trust S-Network Future Vehicles & Technology ETF has a 1 year low of $50.83 and a 1 year high of $63.10.

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

The business also recently declared 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 of this dividend was Friday, December 13th.

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.