First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Sees Large Growth 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 November. As of November 15th, there was short interest totalling 1,100 shares, an increase of 22.2% from the October 31st total of 900 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is currently 0.6 days.

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

NASDAQ:CARZ traded up $0.37 during midday trading on Friday, reaching $57.65. 3,412 shares of the company traded hands, compared to its average volume of 2,091. First Trust S-Network Future Vehicles & Technology ETF has a twelve month low of $50.83 and a twelve month high of $63.10. The company has a fifty day moving average price of $57.69 and a 200 day moving average price of $57.56. The firm has a market capitalization of $34.59 million, a price-to-earnings ratio of 17.65 and a beta of 1.27.

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

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.057 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.23 annualized dividend and a dividend yield of 0.40%.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

A number of large investors have recently modified their holdings of CARZ. International Assets Investment Management LLC boosted its stake in First Trust S-Network Future Vehicles & Technology ETF by 184,457.7% during 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 during the period. Jane Street Group LLC boosted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% during 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. Stifel Financial Corp boosted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 3,940 shares of the exchange traded fund’s stock worth $229,000 after buying an additional 203 shares during the period. Wilmington Savings Fund Society FSB bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter worth approximately $29,000. Finally, Flow Traders U.S. LLC increased its position 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 acquiring an additional 4,750 shares during the period.

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.