Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Declines By 76.7%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 140 shares, a decline of 76.7% from the June 15th total of 600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,137 shares, the short-interest ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the 1st quarter worth approximately $141,000. Cetera Investment Advisers increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 7.9% during the first quarter. Cetera Investment Advisers now owns 4,502 shares of the company’s stock valued at $260,000 after acquiring an additional 330 shares during the period. Kestra Advisory Services LLC increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 9.9% during the first quarter. Kestra Advisory Services LLC now owns 5,496 shares of the company’s stock valued at $317,000 after acquiring an additional 494 shares during the period. CPR Investments Inc. bought a new stake in First Trust Indxx Innovative Transaction & Process ETF during the first quarter worth approximately $250,000. Finally, Vertex Planning Partners LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF in the fourth quarter worth approximately $208,000.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

Shares of LEGR stock opened at $64.04 on Tuesday. First Trust Indxx Innovative Transaction & Process ETF has a 1 year low of $52.47 and a 1 year high of $67.72. The firm has a market capitalization of $128.08 million, a PE ratio of 14.62 and a beta of 0.87. The stock has a fifty day moving average of $64.92 and a two-hundred day moving average of $62.02.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The business also recently disclosed 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 an increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.14. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, June 25th.

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.