First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Sees Large Growth in Short Interest

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,586 shares, an increase 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 short-interest ratio is presently 1.1 days. Based on an average trading volume of 6,792 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Indxx Innovative Transaction & Process ETF

Several hedge funds have recently modified their holdings of the company. Kingswood Wealth Advisors LLC increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 2.6% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 60,934 shares of the company’s stock valued at $3,625,000 after purchasing an additional 1,520 shares in the last quarter. Crux Wealth Advisors acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF in the fourth quarter valued at approximately $227,000. Sound Income Strategies LLC increased its position 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 in the last quarter. WealthCare Investment Partners LLC raised its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 5.2% during the 4th quarter. WealthCare Investment Partners LLC now owns 10,753 shares of the company’s stock worth $649,000 after buying an additional 536 shares during the period. Finally, Financial Engines Advisors L.L.C. lifted its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 33.6% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 142,863 shares of the company’s stock valued at $8,031,000 after buying an additional 35,948 shares in the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Trading Up 0.1%

First Trust Indxx Innovative Transaction & Process ETF stock traded up $0.04 during mid-day trading on Thursday, hitting $62.69. The company had a trading volume of 9,071 shares, compared to its average volume of 6,983. The company has a market capitalization of $131.65 million, a price-to-earnings ratio of 14.62 and a beta of 0.90. First Trust Indxx Innovative Transaction & Process ETF has a 12-month low of $41.87 and a 12-month high of $63.02. The company’s fifty day moving average is $59.54 and its 200-day moving average is $57.10.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.2611 per share. This is a boost from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15. This represents a $1.04 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, December 12th.

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.