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

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

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

LEGR stock traded up $0.67 during trading on Monday, reaching $67.24. 865 shares of the company’s stock were exchanged, compared to its average volume of 7,039. First Trust Indxx Innovative Transaction & Process ETF has a 1-year low of $51.49 and a 1-year high of $67.24. The company’s fifty day moving average price is $61.74 and its 200-day moving average price is $60.46. The firm has a market cap of $137.84 million, a PE ratio of 14.62 and a beta of 0.85.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in First Trust Indxx Innovative Transaction & Process ETF by 22,400.0% during the 4th quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 448 shares during the period. Western Wealth Management LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the first quarter valued at $141,000. Sound Income Strategies LLC lifted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 3,412.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,740 shares of the company’s stock valued at $169,000 after buying an additional 2,662 shares during the period. Vertex Planning Partners LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the fourth quarter valued at $208,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the fourth quarter valued at $215,000.

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.