Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Expands By 51.3%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,103 shares, an increase of 51.3% from the December 15th total of 2,051 shares. Based on an average daily trading volume, of 4,429 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 4,429 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in First Trust Indxx Innovative Transaction & Process ETF by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 40,208 shares of the company’s stock worth $2,164,000 after purchasing an additional 186 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 4.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 6,547 shares of the company’s stock worth $368,000 after buying an additional 300 shares in the last quarter. WealthCare Investment Partners LLC lifted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 4.9% in the 3rd quarter. WealthCare Investment Partners LLC now owns 10,217 shares of the company’s stock valued at $580,000 after buying an additional 474 shares during the period. Raymond James Financial Inc. boosted its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 1.6% in the third quarter. Raymond James Financial Inc. now owns 53,338 shares of the company’s stock valued at $2,998,000 after buying an additional 839 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the second quarter valued at approximately $56,000.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

First Trust Indxx Innovative Transaction & Process ETF stock traded up $0.03 during midday trading on Friday, hitting $61.59. 3,077 shares of the company’s stock were exchanged, compared to its average volume of 6,489. The stock has a market cap of $129.34 million, a price-to-earnings ratio of 14.62 and a beta of 0.90. First Trust Indxx Innovative Transaction & Process ETF has a 12-month low of $41.87 and a 12-month high of $61.90. The firm’s 50 day simple moving average is $58.87 and its 200 day simple moving average is $56.66.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.2611 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.04 annualized dividend and a yield of 1.7%. This is an increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15.

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.