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 target of a large decline in short interest in August. As of August 14th, there was short interest totaling 520 shares, a decline of 41.4% from the July 30th total of 888 shares. Based on an average daily trading volume, of 2,286 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 2.7% during the fourth quarter. Osaic Holdings Inc. now owns 22,814 shares of the company’s stock valued at $1,358,000 after acquiring an additional 609 shares during the last quarter. Royal Bank of Canada lifted its position in First Trust Indxx Innovative Transaction & Process ETF by 16.6% during the fourth quarter. Royal Bank of Canada now owns 4,539 shares of the company’s stock valued at $270,000 after buying an additional 647 shares during the period. Wells Fargo & Company MN boosted its stake in First Trust Indxx Innovative Transaction & Process ETF by 22,400.0% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 448 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the 4th quarter worth approximately $1,139,000. Finally, Steward Partners Investment Advisory LLC grew its stake 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 acquiring an additional 10,661 shares during the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

LEGR remained flat at $67.00 during trading on Monday. The company had a trading volume of 727 shares, compared to its average volume of 5,157. The stock has a market capitalization of $134 million, a PE ratio of 14.62 and a beta of 0.87. The firm’s 50 day moving average is $65.16 and its 200-day moving average is $63.07. First Trust Indxx Innovative Transaction & Process ETF has a 1-year low of $52.97 and a 1-year high of $67.72.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

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

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.