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 increase in short interest during the month of March. As of March 15th, there was short interest totalling 11,100 shares, an increase of 382.6% from the February 28th total of 2,300 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is presently 1.6 days. Approximately 0.6% of the company’s shares are sold short.

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

A number of large investors have recently made changes to their positions in LEGR. Financial Engines Advisors L.L.C. boosted its stake in First Trust Indxx Innovative Transaction & Process ETF by 42.5% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 136,906 shares of the company’s stock worth $6,352,000 after purchasing an additional 40,854 shares during the period. Alpha Omega Group Inc. lifted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 2.7% in the fourth quarter. Alpha Omega Group Inc. now owns 95,069 shares of the company’s stock valued at $4,411,000 after purchasing an additional 2,489 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 1.3% in the fourth quarter. Ameriprise Financial Inc. now owns 39,530 shares of the company’s stock worth $1,834,000 after buying an additional 519 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of 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 valued at $1,031,000 after buying an additional 1,242 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter valued at $829,000.

First Trust Indxx Innovative Transaction & Process ETF Stock Down 2.0 %

NASDAQ:LEGR opened at $48.69 on Friday. The stock has a fifty day simple moving average of $49.20 and a 200 day simple moving average of $47.64. The firm has a market capitalization 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 1-year low of $37.28 and a 1-year high of $50.35.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.125 dividend. 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.

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.