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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 83.3% from the October 15th total of 600 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Indxx Innovative Transaction & Process ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the second quarter valued at approximately $37,000. Brown Financial Advisors bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the second quarter worth $39,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the second quarter valued at $64,000. Mattson Financial Services LLC bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the second quarter worth about $464,000. Finally, SRS Capital Advisors Inc. increased its stake in First Trust Indxx Innovative Transaction & Process ETF by 6.6% in the 2nd quarter. SRS Capital Advisors Inc. now owns 18,084 shares of the company’s stock worth $785,000 after buying an additional 1,114 shares during the period.

First Trust Indxx Innovative Transaction & Process ETF Trading Down 1.1 %

Shares of LEGR stock traded down $0.52 on Tuesday, reaching $46.86. The company’s stock had a trading volume of 3,471 shares, compared to its average volume of 6,430. The company has a market capitalization of $105.44 million, a price-to-earnings ratio of 13.52 and a beta of 0.97. The stock’s fifty day simple moving average is $46.44 and its 200-day simple moving average is $44.71. First Trust Indxx Innovative Transaction & Process ETF has a 1 year low of $36.90 and a 1 year high of $47.84.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2629 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Thursday, September 26th.

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.