Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Decreases By 32.5%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 2,051 shares, a drop of 32.5% from the November 30th total of 3,039 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,733 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 4,733 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Flputnam Investment Management Co. bought a new position in First Trust Indxx Innovative Transaction & Process ETF during the first quarter worth $1,342,000. Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter worth $56,000. Flow Traders U.S. LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter worth $618,000. Raymond James Financial Inc. increased its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 189.8% during 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 during the period. Finally, Jane Street Group LLC bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth about $224,000.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

Shares of NASDAQ LEGR traded down $0.14 during trading hours on Monday, hitting $59.69. 2,077 shares of the company’s stock were exchanged, compared to its average volume of 6,533. The company’s 50-day moving average price is $58.12 and its 200-day moving average price is $55.92. First Trust Indxx Innovative Transaction & Process ETF has a 1-year low of $41.87 and a 1-year high of $59.93. The stock has a market capitalization of $125.35 million, a price-to-earnings ratio of 14.62 and a beta of 0.90.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.2611 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 12th.

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.