First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Short Interest Update

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 11,100 shares, an increase of 382.6% from the February 28th total of 2,300 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is currently 1.6 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LEGR. Stifel Financial Corp bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the third quarter valued at $201,000. IHT Wealth Management LLC acquired a new stake in First Trust Indxx Innovative Transaction & Process ETF in the third quarter valued at $205,000. Commonwealth Equity Services LLC grew its position in shares of 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 valued at $549,000 after acquiring an additional 2,882 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the 4th quarter worth about $829,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 5.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 22,221 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,242 shares during the period.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

NASDAQ:LEGR opened at $49.66 on Thursday. First Trust Indxx Innovative Transaction & Process ETF has a 52-week low of $37.28 and a 52-week high of $50.35. The company has a market cap of $91.87 million, a P/E ratio of 14.18 and a beta of 0.96. The stock’s 50-day simple moving average is $49.12 and its 200 day simple moving average is $47.59.

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.