First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Short Interest Up 142.9% in July

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 340 shares, an increase of 142.9% from the June 30th total of 140 shares. Based on an average daily trading volume, of 1,514 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Indxx Innovative Transaction & Process ETF Stock Down 0.9%

LEGR stock traded down $0.55 during midday trading on Wednesday, hitting $63.56. The company’s stock had a trading volume of 1,768 shares, compared to its average volume of 5,680. The stock’s 50-day moving average price is $64.90 and its 200 day moving average price is $62.32. The stock has a market cap of $127.12 million, a price-to-earnings ratio of 14.62 and a beta of 0.87. First Trust Indxx Innovative Transaction & Process ETF has a 1 year low of $52.47 and a 1 year high of $67.72.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.6211 dividend. This is an increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.14. This represents a $2.48 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. lifted 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 worth $8,031,000 after acquiring an additional 35,948 shares during the last quarter. Raymond James Financial Inc. boosted its position in First Trust Indxx Innovative Transaction & Process ETF by 189.8% during the second 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 during the period. Benjamin Edwards Inc. bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the second quarter valued at about $1,364,000. Jane Street Group LLC purchased a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the fourth quarter worth about $1,139,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 179.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,599 shares of the company’s stock worth $988,000 after buying an additional 10,661 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.