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

by · The Markets Daily

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR – Get Free Report) was the target of a significant drop in short interest during the month of 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 trading 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

Institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF during the second quarter valued at approximately $37,000. Brown Financial Advisors acquired a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at $39,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at $64,000. Mattson Financial Services LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth $464,000. Finally, SRS Capital Advisors Inc. grew its stake in First Trust Indxx Innovative Transaction & Process ETF by 6.6% in the second quarter. SRS Capital Advisors Inc. now owns 18,084 shares of the company’s stock valued at $785,000 after acquiring an additional 1,114 shares during the period.

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

Shares of NASDAQ:LEGR traded up $0.04 during trading on Friday, hitting $46.82. 1,003 shares of the company’s stock were exchanged, compared to its average volume of 6,622. The firm has a 50-day moving average price of $45.98 and a two-hundred day moving average price of $44.26. First Trust Indxx Innovative Transaction & Process ETF has a 1-year low of $35.06 and a 1-year high of $47.69. The firm has a market cap of $105.35 million, a P/E ratio of 13.52 and a beta of 0.97.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

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

First Trust Indxx Innovative Transaction & Process ETF Company Profile

(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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