First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Short Interest Down 47.4% in May

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 884 shares, a drop of 47.4% from the April 30th total of 1,681 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,467 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

Shares of First Trust Indxx Innovative Transaction & Process ETF stock remained flat at $67.26 during trading on Tuesday. The stock had a trading volume of 834 shares, compared to its average volume of 6,979. The stock has a market capitalization of $137.88 million, a P/E ratio of 14.62 and a beta of 0.85. First Trust Indxx Innovative Transaction & Process ETF has a 52-week low of $51.87 and a 52-week high of $67.72. The company has a fifty day moving average price of $61.92 and a 200-day moving average price of $60.52.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.1444 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

A number of institutional investors have recently made changes to their positions in LEGR. Financial Engines Advisors L.L.C. boosted its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 33.6% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 142,863 shares of the company’s stock worth $8,031,000 after purchasing an additional 35,948 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 189.8% in the 2nd quarter. Raymond James Financial Inc. now owns 52,499 shares of the company’s stock worth $2,825,000 after purchasing an additional 34,384 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth about $1,364,000. Jane Street Group LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 4th quarter worth about $1,139,000. Finally, Steward Partners Investment Advisory LLC lifted its position in First Trust Indxx Innovative Transaction & Process ETF by 179.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,599 shares of the company’s stock worth $988,000 after acquiring an additional 10,661 shares during the period.

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.