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

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

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the third 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% during 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 last quarter. 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 valued at $573,000 after acquiring an additional 4,750 shares during the period. Jane Street Group LLC boosted its holdings in 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 acquiring an additional 6,651 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in 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 worth $11,133,000 after purchasing an additional 191,836 shares during the period.

First Trust S-Network Future Vehicles & Technology ETF Stock Up 0.2 %

Shares of CARZ stock opened at $58.74 on Thursday. The company has a market capitalization of $32.30 million, a P/E ratio of 17.65 and a beta of 1.27. 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 firm has a 50-day moving average price of $58.96 and a 200 day moving average price of $57.43.

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

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.2887 dividend. 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.