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) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 2,051 shares, a decrease of 32.5% from the November 30th total of 3,039 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,733 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 4,733 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Indxx Innovative Transaction & Process ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the second quarter valued at approximately $56,000. Jane Street Group LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at $224,000. Belpointe Asset Management LLC grew its stake in First Trust Indxx Innovative Transaction & Process ETF by 4.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 6,547 shares of the company’s stock valued at $368,000 after buying an additional 300 shares during the last quarter. WealthCare Investment Partners LLC raised its holdings in 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 worth $580,000 after acquiring an additional 474 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth $618,000.

First Trust Indxx Innovative Transaction & Process ETF Trading Down 0.2%

NASDAQ LEGR traded down $0.14 during trading on Monday, hitting $59.69. 2,077 shares of the company traded hands, compared to its average volume of 6,533. First Trust Indxx Innovative Transaction & Process ETF has a 12 month low of $41.87 and a 12 month high of $59.93. The business has a fifty day simple moving average of $58.12 and a 200 day simple moving average of $55.92. The company has a market capitalization of $125.35 million, a P/E ratio of 14.62 and a beta of 0.90.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

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

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.