3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Stock Short Interest Rises 722.6%

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 6,647 shares, an increase of 722.6% from the September 15th total of 808 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 21,438 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On 3EDGE Dynamic International Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of EDGI. Envestnet Asset Management Inc. grew its stake in 3EDGE Dynamic International Equity ETF by 220.2% during the second quarter. Envestnet Asset Management Inc. now owns 103,174 shares of the company’s stock worth $3,192,000 after buying an additional 70,950 shares in the last quarter. AMG Asset Management Group Inc. bought a new position in 3EDGE Dynamic International Equity ETF in the 4th quarter valued at about $803,000. Potomac Fund Management Inc. ADV increased its holdings in 3EDGE Dynamic International Equity ETF by 15.4% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 194,314 shares of the company’s stock valued at $5,515,000 after buying an additional 25,995 shares during the period. Silver Grove Financial Group Inc. increased its holdings in 3EDGE Dynamic International Equity ETF by 37.1% in the 4th quarter. Silver Grove Financial Group Inc. now owns 54,883 shares of the company’s stock valued at $1,558,000 after buying an additional 14,865 shares during the period. Finally, Pacific Financial Group Inc. acquired a new position in shares of 3EDGE Dynamic International Equity ETF in the 4th quarter valued at approximately $290,000.

3EDGE Dynamic International Equity ETF Stock Up 0.8%

Shares of EDGI traded up $0.25 during trading hours on Friday, hitting $31.30. 11,095 shares of the company were exchanged, compared to its average volume of 61,573. 3EDGE Dynamic International Equity ETF has a fifty-two week low of $27.07 and a fifty-two week high of $32.44. The company has a market cap of $118.94 million, a price-to-earnings ratio of 15.94 and a beta of 0.53. The firm’s fifty day moving average is $31.77 and its 200 day moving average is $30.85.

About 3EDGE Dynamic International Equity ETF

The 3EDGE Dynamic International Equity ETF (EDGI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, investing in equity securities from international markets, primarily targeting Europe, Japan, China, India, and emerging markets. The fund adjusts its portfolio based on sector, country, and currency analysis EDGI was launched on Oct 3, 2024 and is issued by 3Edge.