Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Expands By 144.5%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,586 shares, a growth of 144.5% from the December 31st total of 3,103 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 6,792 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 6,792 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the shares of the company are sold short.

First Trust Indxx Innovative Transaction & Process ETF Stock Down 1.0%

NASDAQ LEGR traded down $0.60 during midday trading on Friday, hitting $62.09. The company had a trading volume of 11,438 shares, compared to its average volume of 7,202. First Trust Indxx Innovative Transaction & Process ETF has a fifty-two week low of $41.87 and a fifty-two week high of $63.02. The stock has a market cap of $130.39 million, a price-to-earnings ratio of 14.62 and a beta of 0.90. The firm has a fifty day simple moving average of $59.80 and a two-hundred day simple moving average of $57.20.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

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

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

A number of large investors have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC bought a new position in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at $56,000. Sound Income Strategies LLC increased its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 3,412.8% during the 4th quarter. Sound Income Strategies LLC now owns 2,740 shares of the company’s stock worth $169,000 after acquiring an additional 2,662 shares during the last quarter. Crux Wealth Advisors bought a new position in First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter worth about $227,000. Jane Street Group LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the second quarter valued at approximately $224,000. Finally, Belpointe Asset Management LLC increased its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 4.8% during the third 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.

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.