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 growth in short interest in the month of March. As of March 15th, there was short interest totalling 11,100 shares, a growth of 382.6% from the February 28th total of 2,300 shares. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

Hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 3rd quarter valued at $205,000. Stifel Financial Corp purchased a new position in First Trust Indxx Innovative Transaction & Process ETF in the 3rd quarter valued at about $201,000. SRS Capital Advisors Inc. grew its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 5.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 22,221 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,242 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter worth about $829,000. Finally, Alpha Omega Group Inc. lifted its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 2.7% in the fourth quarter. Alpha Omega Group Inc. now owns 95,069 shares of the company’s stock worth $4,411,000 after acquiring an additional 2,489 shares in the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Trading Down 2.0 %

Shares of LEGR traded down $0.98 during midday trading on Friday, reaching $48.71. 2,379 shares of the company were exchanged, 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 50-day moving average price of $49.17 and a 200-day moving average price of $47.61. The company has a market cap of $90.10 million, a price-to-earnings ratio of 14.18 and a beta of 0.96.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

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

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.