Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Increases By 51.3%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 3,103 shares, a growth 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 presently 0.7 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,429 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at about $618,000. Kingswood Wealth Advisors LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 3rd quarter worth approximately $3,340,000. Twin Peaks Wealth Advisors LLC purchased a new position in First Trust Indxx Innovative Transaction & Process ETF in the second quarter valued at $56,000. Financial Engines Advisors L.L.C. increased its stake in shares of 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 during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 53,338 shares of the company’s stock valued at $2,998,000 after purchasing an additional 839 shares in the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Trading Up 0.0%

First Trust Indxx Innovative Transaction & Process ETF stock traded up $0.03 during mid-day trading on Friday, hitting $61.59. The company’s stock had a trading volume of 3,077 shares, compared to its average volume of 6,489. The stock’s fifty day moving average is $58.87 and its two-hundred day moving average is $56.66. The firm has a market capitalization of $129.34 million, a PE ratio of 14.62 and a beta of 0.90. First Trust Indxx Innovative Transaction & Process ETF has a 1 year low of $41.87 and a 1 year high of $61.90.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 an increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%.

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.