First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Short Interest Up 500.0% in April

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,200 shares, a growth of 500.0% from the April 15th total of 200 shares. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

NASDAQ:LEGR opened at $43.70 on Friday. The company has a 50-day moving average of $42.48 and a 200-day moving average of $40.52. First Trust Indxx Innovative Transaction & Process ETF has a 52 week low of $35.06 and a 52 week high of $43.75. The company has a market capitalization of $107.07 million, a price-to-earnings ratio of 12.98 and a beta of 0.97.

First Trust Indxx Innovative Transaction & Process ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.0925 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, March 21st.

Hedge Funds Weigh In On First Trust Indxx Innovative Transaction & Process ETF

A number of hedge funds have recently modified their holdings of LEGR. Gradient Investments LLC boosted its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 118.8% in the 1st quarter. Gradient Investments LLC now owns 37,450 shares of the company’s stock valued at $1,608,000 after purchasing an additional 20,330 shares in the last quarter. Eudaimonia Advisors LLC increased its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 31.6% during the first quarter. Eudaimonia Advisors LLC now owns 39,934 shares of the company’s stock worth $1,715,000 after buying an additional 9,599 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 80.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,206 shares of the company’s stock worth $709,000 after acquiring an additional 8,590 shares in the last quarter. Alpha Omega Group Inc. grew its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 10.3% during the third quarter. Alpha Omega Group Inc. now owns 84,952 shares of the company’s stock worth $3,135,000 after purchasing an additional 7,929 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 8.9% in the third quarter. LPL Financial LLC now owns 93,078 shares of the company’s stock worth $3,435,000 after acquiring an additional 7,607 shares during the last quarter.

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.