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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,300 shares, a decrease of 14.8% from the February 13th total of 2,700 shares. Based on an average daily volume of 6,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Indxx Innovative Transaction & Process ETF Trading Up 0.0 %

Shares of First Trust Indxx Innovative Transaction & Process ETF stock opened at $50.13 on Thursday. The company has a fifty day moving average price of $48.78 and a 200 day moving average price of $47.41. First Trust Indxx Innovative Transaction & Process ETF has a twelve month low of $37.28 and a twelve month high of $50.35. The stock has a market cap of $92.74 million, a price-to-earnings ratio of 14.04 and a beta of 0.97.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

Institutional investors have recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. lifted its holdings in First Trust Indxx Innovative Transaction & Process ETF by 42.5% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 136,906 shares of the company’s stock worth $6,352,000 after buying an additional 40,854 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the 4th quarter worth $829,000. IHT Wealth Management LLC acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the 3rd quarter worth $205,000. Stifel Financial Corp acquired a new position in First Trust Indxx Innovative Transaction & Process ETF in the 3rd quarter worth $201,000. Finally, Commonwealth Equity Services LLC lifted its holdings in First Trust Indxx Innovative Transaction & Process ETF by 32.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,832 shares of the company’s stock worth $549,000 after buying an additional 2,882 shares in 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.