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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 600 shares, a drop of 89.3% from the September 30th total of 5,600 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 0.1 days.

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

Several hedge funds have recently modified their holdings of LEGR. Mattson Financial Services LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter worth about $464,000. Gradient Investments LLC increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 54.2% in the second quarter. Gradient Investments LLC now owns 57,755 shares of the company’s stock valued at $2,508,000 after buying an additional 20,305 shares during the period. Aptus Capital Advisors LLC bought a new position in First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at approximately $37,000. Brown Financial Advisors bought a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth approximately $39,000. Finally, Oppenheimer Asset Management Inc. increased its position in First Trust Indxx Innovative Transaction & Process ETF by 10.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,815 shares of the company’s stock valued at $947,000 after acquiring an additional 2,054 shares during the period.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

LEGR stock traded up $0.04 during trading on Friday, reaching $46.82. 1,003 shares of the company were exchanged, compared to its average volume of 6,622. The company has a market capitalization of $105.35 million, a price-to-earnings ratio of 13.52 and a beta of 0.97. The company has a 50-day moving average of $45.98 and a two-hundred day moving average of $44.26. First Trust Indxx Innovative Transaction & Process ETF has a twelve month low of $35.06 and a twelve month high of $47.69.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.2629 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.05 annualized dividend and a dividend yield of 2.25%.

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.