Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Expands By 382.6%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 11,100 shares, an increase of 382.6% from the February 28th total of 2,300 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is presently 1.6 days.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

First Trust Indxx Innovative Transaction & Process ETF stock traded down $0.98 during trading hours on Friday, hitting $48.71. The stock had a trading volume of 2,379 shares, compared to its average volume of 6,059. First Trust Indxx Innovative Transaction & Process ETF has a 1-year low of $37.28 and a 1-year high of $50.35. The stock has a market capitalization of $90.10 million, a price-to-earnings ratio of 14.18 and a beta of 0.96. The stock’s fifty day moving average is $49.17 and its two-hundred day moving average is $47.61.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.50 annualized dividend and a yield of 1.03%.

Hedge Funds Weigh In On First Trust Indxx Innovative Transaction & Process ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 42.5% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 136,906 shares of the company’s stock worth $6,352,000 after purchasing an additional 40,854 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the fourth quarter valued at $829,000. IHT Wealth Management LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the third quarter worth about $205,000. Stifel Financial Corp purchased a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the 3rd quarter worth about $201,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 32.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,832 shares of the company’s stock worth $549,000 after purchasing an additional 2,882 shares during the period.

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.