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

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

First Trust Indxx Innovative Transaction & Process ETF Price Performance

Shares of NASDAQ LEGR remained flat at $67.00 during trading on Monday. 727 shares of the stock were exchanged, compared to its average volume of 5,157. First Trust Indxx Innovative Transaction & Process ETF has a 12-month low of $52.97 and a 12-month high of $67.72. The firm’s 50-day moving average price is $65.16 and its 200 day moving average price is $63.07. The stock has a market capitalization of $134 million, a PE ratio of 14.62 and a beta of 0.87.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in First Trust Indxx Innovative Transaction & Process ETF by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,208 shares of the company’s stock worth $2,164,000 after acquiring an additional 186 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 7.9% during the 1st quarter. Cetera Investment Advisers now owns 4,502 shares of the company’s stock valued at $260,000 after purchasing an additional 330 shares during the last quarter. Wells Fargo & Company MN grew its holdings in First Trust Indxx Innovative Transaction & Process ETF by 22,400.0% during the 4th quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 448 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 9.9% in the first quarter. Kestra Advisory Services LLC now owns 5,496 shares of the company’s stock valued at $317,000 after purchasing an additional 494 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 2.7% during the 4th quarter. Osaic Holdings Inc. now owns 22,814 shares of the company’s stock valued at $1,358,000 after buying an additional 609 shares in the last quarter.

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.