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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 884 shares, a drop of 47.4% from the April 30th total of 1,681 shares. Based on an average trading volume of 3,467 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

First Trust Indxx Innovative Transaction & Process ETF Trading Up 1.0%

Shares of LEGR stock traded up $0.67 during mid-day trading on Monday, reaching $67.24. The stock had a trading volume of 865 shares, compared to its average volume of 7,039. First Trust Indxx Innovative Transaction & Process ETF has a 12-month low of $51.49 and a 12-month high of $67.24. The company has a market cap of $137.84 million, a P/E ratio of 14.62 and a beta of 0.85. The business has a 50-day simple moving average of $61.74 and a 200 day simple moving average of $60.46.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.1444 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

A number of large investors have recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. boosted its stake in First Trust Indxx Innovative Transaction & Process ETF by 33.6% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 142,863 shares of the company’s stock worth $8,031,000 after buying an additional 35,948 shares during the last quarter. Raymond James Financial Inc. lifted its position in 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 acquiring an additional 34,384 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth approximately $1,364,000. Jane Street Group LLC purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 4th quarter worth approximately $1,139,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in First Trust Indxx Innovative Transaction & Process ETF by 179.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,599 shares of the company’s stock worth $988,000 after purchasing an additional 10,661 shares during the last quarter.

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.