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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,100 shares, an increase of 110.0% from the November 30th total of 1,000 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CARZ. Wilmington Savings Fund Society FSB bought a new stake in First Trust S-Network Future Vehicles & Technology ETF during the third quarter worth approximately $29,000. Stifel Financial Corp boosted 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 purchasing an additional 203 shares during the period. Flow Traders U.S. LLC grew its holdings in First Trust S-Network Future Vehicles & Technology ETF by 92.6% in 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 buying an additional 4,750 shares during the last quarter. Jane Street Group LLC increased its position in First Trust S-Network Future Vehicles & Technology ETF by 69.6% in the 3rd 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 increased its position in 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 worth $11,133,000 after buying an additional 191,836 shares during the period.

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

NASDAQ:CARZ traded down $1.12 during trading hours on Friday, reaching $59.16. The company’s stock had a trading volume of 606 shares, compared to its average volume of 2,298. The company has a market cap of $35.50 million, a price-to-earnings ratio of 17.65 and a beta of 1.27. First Trust S-Network Future Vehicles & Technology ETF has a one year low of $50.83 and a one year high of $63.10. The business’s 50-day moving average is $58.31 and its 200-day moving average is $57.58.

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

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2887 per share. The ex-dividend date is 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.