Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Expands By 800.0%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 900 shares, an increase of 800.0% from the August 15th total of 100 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Indxx Innovative Transaction & Process ETF Stock Up 1.2 %

NASDAQ LEGR traded up $0.54 on Thursday, reaching $44.89. The company had a trading volume of 2,246 shares, compared to its average volume of 6,996. The stock has a market capitalization of $103.25 million, a PE ratio of 13.52 and a beta of 0.97. First Trust Indxx Innovative Transaction & Process ETF has a 12 month low of $35.06 and a 12 month high of $45.50. The firm’s 50 day moving average price is $44.08 and its 200 day moving average price is $43.37.

First Trust Indxx Innovative Transaction & Process ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.535 dividend. The ex-dividend date was Thursday, June 27th. This represents a $2.14 annualized dividend and a dividend yield of 4.77%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in First Trust Indxx Innovative Transaction & Process ETF by 54.2% in the 2nd quarter. Gradient Investments LLC now owns 57,755 shares of the company’s stock worth $2,508,000 after acquiring an additional 20,305 shares during the last quarter. Eudaimonia Advisors LLC increased its position in First Trust Indxx Innovative Transaction & Process ETF by 31.6% in the first quarter. Eudaimonia Advisors LLC now owns 39,934 shares of the company’s stock worth $1,715,000 after purchasing an additional 9,599 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in First Trust Indxx Innovative Transaction & Process ETF by 10.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 21,815 shares of the company’s stock valued at $947,000 after purchasing an additional 2,054 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in First Trust Indxx Innovative Transaction & Process ETF during the second quarter valued at $64,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 6.6% in the 2nd quarter. SRS Capital Advisors Inc. now owns 18,084 shares of the company’s stock worth $785,000 after buying an additional 1,114 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.