3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Large Decrease in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 12,952 shares, a drop of 40.6% from the April 15th total of 21,789 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 21,550 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of 3EDGE Dynamic US Equity ETF

A hedge fund recently bought a new stake in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC bought a new position in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,836 shares of the company’s stock, valued at approximately $81,000. Basepoint Wealth LLC owned 0.15% of 3EDGE Dynamic US Equity ETF as of its most recent SEC filing.

3EDGE Dynamic US Equity ETF Price Performance

Shares of 3EDGE Dynamic US Equity ETF stock remained flat at $30.73 during midday trading on Monday. The stock had a trading volume of 29,880 shares, compared to its average volume of 43,472. The stock has a market cap of $118.93 million, a price-to-earnings ratio of 24.13 and a beta of 0.91. The company’s fifty day simple moving average is $29.04 and its 200-day simple moving average is $28.82. 3EDGE Dynamic US Equity ETF has a 1-year low of $24.44 and a 1-year high of $31.22.

About 3EDGE Dynamic US Equity ETF

The 3EDGE Dynamic US Equity ETF (EDGU) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, investing in US equity securities with a focus on sector and market capitalization selections. The fund adjusts its portfolio in response to U.S EDGU was launched on Oct 3, 2024 and is issued by 3Edge.