Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Declines By 60.0%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 400 shares, a decline of 60.0% from the May 31st total of 1,000 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LEGR. LPL Financial LLC increased its holdings in First Trust Indxx Innovative Transaction & Process ETF by 8.9% during the third quarter. LPL Financial LLC now owns 93,078 shares of the company’s stock valued at $3,435,000 after buying an additional 7,607 shares during the period. Eudaimonia Advisors LLC increased its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 31.6% in the 1st quarter. Eudaimonia Advisors LLC now owns 39,934 shares of the company’s stock valued at $1,715,000 after acquiring an additional 9,599 shares during the period. Gradient Investments LLC raised its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 118.8% in the 1st quarter. Gradient Investments LLC now owns 37,450 shares of the company’s stock worth $1,608,000 after acquiring an additional 20,330 shares in the last quarter. HighTower Advisors LLC boosted its position in First Trust Indxx Innovative Transaction & Process ETF by 28.3% during the third quarter. HighTower Advisors LLC now owns 17,769 shares of the company’s stock valued at $659,000 after purchasing an additional 3,919 shares in the last quarter. Finally, Flagstar Advisors Inc. raised its holdings in First Trust Indxx Innovative Transaction & Process ETF by 8.1% in the first quarter. Flagstar Advisors Inc. now owns 13,789 shares of the company’s stock worth $592,000 after purchasing an additional 1,034 shares in the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

LEGR traded up $0.37 during trading on Friday, hitting $43.43. 9,045 shares of the stock were exchanged, compared to its average volume of 7,815. The firm has a 50 day simple moving average of $43.38 and a 200 day simple moving average of $42.08. The firm has a market cap of $106.40 million, a price-to-earnings ratio of 13.52 and a beta of 0.97. First Trust Indxx Innovative Transaction & Process ETF has a 1 year low of $35.06 and a 1 year high of $44.79.

First Trust Indxx Innovative Transaction & Process ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 4.93%. The ex-dividend date was Thursday, June 27th.

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.