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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 11,100 shares, a growth of 382.6% from the February 28th total of 2,300 shares. Based on an average trading volume of 6,800 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the shares of the stock are sold short.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

Shares of NASDAQ:LEGR opened at $48.69 on Friday. The stock has a market cap of $90.07 million, a price-to-earnings ratio of 14.18 and a beta of 0.96. First Trust Indxx Innovative Transaction & Process ETF has a 12 month low of $37.28 and a 12 month high of $50.35. The stock’s 50 day moving average price is $49.20 and its 200 day moving average price is $47.64.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

A number of hedge funds and other institutional investors have recently modified their holdings of LEGR. Stifel Financial Corp bought a new stake in First Trust Indxx Innovative Transaction & Process ETF in the third quarter worth about $201,000. IHT Wealth Management LLC acquired a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the 3rd quarter worth approximately $205,000. Commonwealth Equity Services LLC raised its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 32.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,832 shares of the company’s stock worth $549,000 after purchasing an additional 2,882 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter valued at approximately $829,000. Finally, SRS Capital Advisors Inc. boosted its holdings in First Trust Indxx Innovative Transaction & Process ETF by 5.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 22,221 shares of the company’s stock worth $1,031,000 after buying an additional 1,242 shares in 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.