First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Short Interest Down 69.6% in January

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 700 shares, a drop of 69.6% from the January 15th total of 2,300 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 0.2 days.

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

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised 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 buying an additional 191,836 shares in the last quarter. Jane Street Group LLC raised its position 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 worth $940,000 after purchasing an additional 6,651 shares in the last quarter. Stifel Financial Corp lifted its stake in 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 purchasing 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 during the third quarter worth about $29,000. Finally, Flow Traders U.S. LLC boosted its holdings in 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 purchasing an additional 4,750 shares in the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Stock Up 0.8 %

Shares of CARZ stock traded up $0.48 during trading hours on Thursday, reaching $59.06. 687 shares of the company’s stock were exchanged, compared to its average volume of 2,020. First Trust S-Network Future Vehicles & Technology ETF has a fifty-two week low of $50.83 and a fifty-two week high of $63.10. The business has a fifty day moving average price of $59.07 and a 200-day moving average price of $57.33. The stock has a market capitalization of $32.48 million, a P/E ratio of 17.65 and a beta of 1.27.

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

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2887 per share. The ex-dividend date 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.