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 growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,100 shares, a growth 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 presently 0.6 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of CARZ. Wilmington Savings Fund Society FSB bought a new stake in First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter valued at $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 valued at $229,000 after buying an additional 203 shares during the last quarter. Flow Traders U.S. LLC raised its position 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 buying an additional 4,750 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of 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 buying an additional 6,651 shares during the period. Finally, International Assets Investment Management LLC grew its position in First Trust S-Network Future Vehicles & Technology ETF by 184,457.7% during 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 buying an additional 191,836 shares in the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Trading Up 0.7 %

NASDAQ:CARZ traded up $0.37 during mid-day trading on Friday, hitting $57.65. 3,412 shares of the company’s stock traded hands, compared to its average volume of 2,091. The firm has a 50 day moving average of $57.69 and a two-hundred day moving average 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 has a 12 month low of $50.83 and a 12 month high of $63.10.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.057 dividend. 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%.

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.