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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 1,000 shares, a decrease of 9.1% from the November 15th total of 1,100 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is presently 0.4 days.

First Trust S-Network Future Vehicles & Technology ETF Trading Down 0.9 %

Shares of NASDAQ CARZ traded down $0.52 during mid-day trading on Friday, reaching $59.53. 418 shares of the company’s stock were exchanged, compared to its average volume of 2,232. The business has a fifty day simple moving average of $58.02 and a 200 day simple moving average of $57.55. 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 firm has a market capitalization of $35.72 million, a price-to-earnings ratio of 17.65 and a beta of 1.27.

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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp raised its holdings 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 period. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth $29,000. 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 worth $573,000 after purchasing an additional 4,750 shares during the last quarter. Jane Street Group LLC boosted its holdings in 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 purchasing an additional 6,651 shares during the last quarter. Finally, International Assets Investment Management LLC grew 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 valued at $11,133,000 after purchasing an additional 191,836 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.