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

by · The Cerbat Gem

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR – Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,051 shares, a decrease of 32.5% from the November 30th total of 3,039 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 4,733 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 4,733 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEGR. Flow Traders U.S. LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth $618,000. Flputnam Investment Management Co. acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the 1st quarter valued at about $1,342,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the second quarter valued at approximately $56,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the third quarter valued at about $3,340,000. Finally, Belpointe Asset Management LLC grew its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 4.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 6,547 shares of the company’s stock worth $368,000 after purchasing an additional 300 shares during the period.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

Shares of LEGR traded up $0.14 during midday trading on Tuesday, hitting $59.83. The stock had a trading volume of 2,517 shares, compared to its average volume of 6,517. The firm has a market cap of $125.64 million, a price-to-earnings ratio of 14.62 and a beta of 0.90. First Trust Indxx Innovative Transaction & Process ETF has a twelve month low of $41.87 and a twelve month high of $59.99. The company has a 50 day simple moving average of $58.16 and a two-hundred day simple moving average of $55.97.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.2611 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 12th. This is an increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15.

About First Trust Indxx Innovative Transaction & Process ETF

(Get Free Report)

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.

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