Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Increases By 18.6%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,121 shares, a growth of 18.6% from the February 12th total of 1,788 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,845 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 4,845 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Indxx Innovative Transaction & Process ETF Trading Down 0.4%

NASDAQ LEGR traded down $0.25 during mid-day trading on Wednesday, reaching $58.68. 1,476 shares of the company’s stock traded hands, compared to its average volume of 7,968. The company has a fifty day simple moving average of $60.91 and a 200-day simple moving average of $58.66. First Trust Indxx Innovative Transaction & Process ETF has a 1-year low of $41.87 and a 1-year high of $63.02. The company has a market cap of $123.23 million, a price-to-earnings ratio of 14.62 and a beta of 0.90.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in First Trust Indxx Innovative Transaction & Process ETF during the second quarter worth $618,000. Kingswood Wealth Advisors LLC bought a new stake in First Trust Indxx Innovative Transaction & Process ETF during the third quarter valued at $3,340,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the second quarter worth $56,000. Jane Street Group LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the second quarter worth $224,000. Finally, Vertex Planning Partners LLC bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the 4th quarter worth about $208,000.

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.