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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 520 shares, a decline of 41.4% from the July 30th total of 888 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,286 shares, the days-to-cover ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in LEGR. Financial Engines Advisors L.L.C. lifted its position in First Trust Indxx Innovative Transaction & Process ETF by 33.6% during the third quarter. Financial Engines Advisors L.L.C. now owns 142,863 shares of the company’s stock worth $8,031,000 after buying an additional 35,948 shares in the last quarter. Raymond James Financial Inc. grew its holdings in First Trust Indxx Innovative Transaction & Process ETF by 189.8% in 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. Benjamin Edwards Inc. purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at $1,364,000. Jane Street Group LLC purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF in the 4th quarter valued at $1,139,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 179.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,599 shares of the company’s stock worth $988,000 after acquiring an additional 10,661 shares during the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

NASDAQ LEGR traded down $0.58 during trading hours on Tuesday, hitting $66.38. 863 shares of the company’s stock traded hands, compared to its average volume of 5,105. The company has a market capitalization of $132.76 million, a PE ratio of 14.62 and a beta of 0.87. First Trust Indxx Innovative Transaction & Process ETF has a 52-week low of $52.97 and a 52-week high of $67.72. The firm’s 50-day moving average is $65.18 and its 200-day moving average is $63.11.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.6211 per share. The ex-dividend date was Thursday, June 25th. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. This is an increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.14.

About First Trust Indxx Innovative Transaction & Process ETF

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.