Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Increases By 900.0%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,000 shares, a growth of 900.0% from the October 31st total of 100 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in LEGR. Gradient Investments LLC increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 54.2% in the 2nd quarter. Gradient Investments LLC now owns 57,755 shares of the company’s stock valued at $2,508,000 after purchasing an additional 20,305 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 10.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,815 shares of the company’s stock valued at $947,000 after buying an additional 2,054 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 6.6% during 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. Mattson Financial Services LLC purchased a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter valued at approximately $464,000. Finally, IHT Wealth Management LLC purchased a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the 3rd quarter valued at approximately $205,000.

First Trust Indxx Innovative Transaction & Process ETF Trading Down 0.1 %

Shares of NASDAQ LEGR traded down $0.04 during trading on Wednesday, reaching $46.88. 2,158 shares of the company traded hands, compared to its average volume of 7,542. The stock has a market cap of $105.48 million, a P/E ratio of 13.52 and a beta of 0.97. The firm’s fifty day simple moving average is $46.90 and its 200 day simple moving average is $45.02. First Trust Indxx Innovative Transaction & Process ETF has a 12-month low of $37.28 and a 12-month high of $47.84.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2629 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.05 annualized dividend and a yield of 2.24%.

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.