First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Short Interest Up 1,760.0% in January

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 18,600 shares, an increase of 1,760.0% from the December 31st total of 1,000 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Financial Advisors acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth approximately $39,000. Mattson Financial Services LLC bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the second quarter worth $464,000. IHT Wealth Management LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the third quarter worth $205,000. Finally, Stifel Financial Corp bought a new stake in First Trust Indxx Innovative Transaction & Process ETF in the 3rd quarter valued at $201,000.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

NASDAQ:LEGR traded up $0.16 during trading hours on Tuesday, hitting $48.56. The stock had a trading volume of 8,162 shares, compared to its average volume of 3,127. The business’s 50 day moving average is $47.16 and its 200-day moving average is $46.08. The company has a market cap of $89.83 million, a price-to-earnings ratio of 13.52 and a beta of 0.97. First Trust Indxx Innovative Transaction & Process ETF has a one year low of $37.28 and a one year high of $48.84.

First Trust Indxx Innovative Transaction & Process ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.2212 per share. The ex-dividend date was Friday, December 13th.

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.