First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Short Interest Update

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 520 shares, a drop of 41.4% from the July 30th total of 888 shares. Based on an average daily trading volume, of 2,286 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the 1st quarter valued at $141,000. Cetera Investment Advisers boosted its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 7.9% during the 1st quarter. Cetera Investment Advisers now owns 4,502 shares of the company’s stock worth $260,000 after acquiring an additional 330 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 9.9% in the 1st quarter. Kestra Advisory Services LLC now owns 5,496 shares of the company’s stock worth $317,000 after acquiring an additional 494 shares during the last quarter. CPR Investments Inc. acquired a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the 1st quarter worth $250,000. Finally, Vertex Planning Partners LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter worth $208,000.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

First Trust Indxx Innovative Transaction & Process ETF stock remained flat at $66.38 during midday trading on Wednesday. 863 shares of the company’s stock traded hands, compared to its average volume of 5,105. First Trust Indxx Innovative Transaction & Process ETF has a 12-month low of $52.97 and a 12-month high of $67.72. The firm has a market capitalization of $132.76 million, a P/E ratio of 14.62 and a beta of 0.87. The business’s 50 day simple moving average is $65.21 and its 200-day simple moving average is $63.14.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

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

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.