First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Down 42.9% in February

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 800 shares, a drop of 42.9% from the February 13th total of 1,400 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is currently 0.3 days.

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

CARZ traded up $1.65 during trading hours on Friday, hitting $56.47. 527 shares of the stock were exchanged, compared to its average volume of 2,163. First Trust S-Network Future Vehicles & Technology ETF has a 12 month low of $50.83 and a 12 month high of $63.10. The stock has a 50-day simple moving average of $58.58 and a 200-day simple moving average of $57.84. The stock has a market cap of $31.06 million, a price-to-earnings ratio of 16.64 and a beta of 1.27.

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

A number of institutional investors have recently modified their holdings of CARZ. Jane Street Group LLC increased its stake 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 valued at $940,000 after purchasing an additional 6,651 shares during the period. Stifel Financial Corp raised its stake in First Trust S-Network Future Vehicles & Technology ETF by 5.4% during 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 in the last quarter. Flow Traders U.S. LLC raised its stake in 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 valued at $573,000 after acquiring an additional 4,750 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter valued at about $29,000. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust S-Network Future Vehicles & Technology ETF by 22.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,591 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 1,380 shares in the last quarter.

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.