First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Sees Large Increase in Short Interest

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,103 shares, an increase of 51.3% from the December 15th total of 2,051 shares. Based on an average daily volume of 4,429 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,429 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On First Trust Indxx Innovative Transaction & Process ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEGR. Twin Peaks Wealth Advisors LLC bought a new position in First Trust Indxx Innovative Transaction & Process ETF during the second quarter worth about $56,000. Flow Traders U.S. LLC purchased a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter valued at approximately $618,000. Raymond James Financial Inc. lifted its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 189.8% during the 2nd quarter. Raymond James Financial Inc. now owns 52,499 shares of the company’s stock valued at $2,825,000 after buying an additional 34,384 shares in the last quarter. Jane Street Group LLC bought a new position in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter worth approximately $224,000. Finally, Ameriprise Financial Inc. grew its stake in First Trust Indxx Innovative Transaction & Process ETF by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,208 shares of the company’s stock valued at $2,164,000 after buying an additional 186 shares in the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

NASDAQ:LEGR traded up $0.03 during trading hours on Friday, reaching $61.59. The stock had a trading volume of 3,077 shares, compared to its average volume of 6,489. The stock has a 50 day simple moving average of $58.87 and a 200 day simple moving average of $56.64. First Trust Indxx Innovative Transaction & Process ETF has a 12-month low of $41.87 and a 12-month high of $61.90. The stock has a market cap of $129.34 million, a P/E ratio of 14.62 and a beta of 0.90.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.2611 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15.

First Trust Indxx Innovative Transaction & Process ETF Company Profile

The First Trust Indxx Innovative Transaction & Process ETF (LEGR) is an exchange-traded fund that is based on the Indxx Blockchain index. The fund tracks an index of global equities selected based on their exposure to the development or usage of blockchain technology. LEGR was launched on Jan 24, 2018 and is managed by First Trust.