Short Interest in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Expands By 29.6%

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGRGet Rating) saw a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 88,400 shares, a growth of 29.6% from the December 15th total of 68,200 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is currently 5.8 days.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

Shares of LEGR stock opened at $36.46 on Friday. The company’s 50-day moving average is $35.17 and its 200 day moving average is $33.91. First Trust Indxx Innovative Transaction & Process ETF has a one year low of $29.54 and a one year high of $44.68.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 27th were issued a dividend of $0.094 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, December 23rd.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

Institutional investors have recently made changes to their positions in the stock. Gradient Investments LLC boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 789.1% during the 4th quarter. Gradient Investments LLC now owns 898 shares of the company’s stock valued at $31,000 after acquiring an additional 797 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 9,741.7% in the second quarter. UBS Group AG now owns 1,181 shares of the company’s stock worth $40,000 after buying an additional 1,169 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 156.0% in the third quarter. CENTRAL TRUST Co now owns 4,185 shares of the company’s stock worth $127,000 after buying an additional 2,550 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the second quarter worth approximately $165,000. Finally, Eudaimonia Advisors LLC boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 5.2% in the first quarter. Eudaimonia Advisors LLC now owns 6,028 shares of the company’s stock worth $243,000 after buying an additional 297 shares during the last quarter.

Further Reading

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