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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 888 shares, a growth of 161.2% from the July 15th total of 340 shares. Based on an average trading volume of 2,305 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEGR. Wells Fargo & Company MN grew its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 22,400.0% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $27,000 after buying an additional 448 shares in the last quarter. Western Wealth Management LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the first quarter worth about $141,000. Vertex Planning Partners LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter worth about $208,000. Prospera Financial Services Inc acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter worth about $215,000. Finally, Jane Street Group LLC purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter valued at about $224,000.

First Trust Indxx Innovative Transaction & Process ETF Stock Up 0.0%

Shares of NASDAQ LEGR traded up $0.01 during midday trading on Friday, hitting $67.07. The stock had a trading volume of 697 shares, compared to its average volume of 5,414. The stock has a 50 day simple moving average of $64.94 and a 200-day simple moving average of $62.74. The company has a market capitalization of $134.14 million, a PE ratio of 14.62 and a beta of 0.87. First Trust Indxx Innovative Transaction & Process ETF has a 1 year low of $52.97 and a 1 year high of $67.72.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.6211 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.48 annualized dividend and a yield of 3.7%. This is an increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.14.

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.