First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Short Interest Update

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,586 shares, a growth of 144.5% from the December 31st total of 3,103 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 6,792 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 6,792 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the company are short sold.

First Trust Indxx Innovative Transaction & Process ETF Stock Down 1.0%

Shares of NASDAQ LEGR traded down $0.60 during midday trading on Friday, hitting $62.09. 11,438 shares of the company’s stock were exchanged, compared to its average volume of 7,202. The firm has a market capitalization of $130.39 million, a PE ratio of 14.62 and a beta of 0.90. First Trust Indxx Innovative Transaction & Process ETF has a 12 month low of $41.87 and a 12 month high of $63.02. The company’s 50 day moving average price is $59.80 and its 200 day moving average price is $57.20.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the third quarter valued at about $3,340,000. Financial Engines Advisors L.L.C. boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 33.6% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 142,863 shares of the company’s stock valued at $8,031,000 after purchasing an additional 35,948 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of 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 purchasing an additional 34,384 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth $1,364,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth $618,000.

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.