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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a significant increase in short interest in 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. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 6,800 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Indxx Innovative Transaction & Process ETF Stock Down 0.9 %

First Trust Indxx Innovative Transaction & Process ETF stock opened at $49.66 on Thursday. The company has a 50 day moving average of $49.12 and a 200-day moving average of $47.59. 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 capitalization of $91.87 million, a PE ratio of 14.18 and a beta of 0.96.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the third quarter valued at about $201,000. SRS Capital Advisors Inc. raised its position in 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 buying an additional 1,242 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its stake 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 valued at $6,352,000 after acquiring an additional 40,854 shares in the last quarter. Alpha Omega Group Inc. boosted its position in First Trust Indxx Innovative Transaction & Process ETF by 2.7% during the 4th quarter. Alpha Omega Group Inc. now owns 95,069 shares of the company’s stock worth $4,411,000 after acquiring an additional 2,489 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new position in shares of First Trust Indxx Innovative Transaction & Process ETF during the 3rd quarter worth approximately $205,000.

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.