First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Sees Significant Decrease in Short Interest

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 140 shares, a decrease of 76.7% from the June 15th total of 600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,137 shares, the short-interest ratio is presently 0.1 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in First Trust Indxx Innovative Transaction & Process ETF during the first quarter worth approximately $141,000. Cetera Investment Advisers grew its position in First Trust Indxx Innovative Transaction & Process ETF by 7.9% in the first quarter. Cetera Investment Advisers now owns 4,502 shares of the company’s stock worth $260,000 after buying an additional 330 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 9.9% in the first quarter. Kestra Advisory Services LLC now owns 5,496 shares of the company’s stock valued at $317,000 after buying an additional 494 shares in the last quarter. CPR Investments Inc. bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the first quarter valued at $250,000. Finally, Vertex Planning Partners LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the 4th quarter valued at $208,000.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

Shares of First Trust Indxx Innovative Transaction & Process ETF stock traded down $0.47 on Monday, hitting $64.04. The company had a trading volume of 1,233 shares, compared to its average volume of 5,977. The business has a 50-day simple moving average of $64.92 and a 200-day simple moving average of $62.02. The company has a market cap of $128.08 million, a PE ratio of 14.62 and a beta of 0.87. First Trust Indxx Innovative Transaction & Process ETF has a 52 week low of $52.47 and a 52 week 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 represents a $2.48 dividend on an annualized basis and a yield of 3.9%. This is a positive change from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, June 25th.

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.