Short Interest in 3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Drops By 97.0%

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 317 shares, a drop of 97.0% from the December 31st total of 10,637 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,288 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 23,288 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of 3EDGE Dynamic International Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of 3EDGE Dynamic International Equity ETF in the 2nd quarter valued at about $113,000. Strategic Blueprint LLC increased its stake in shares of 3EDGE Dynamic International Equity ETF by 201.0% in the second quarter. Strategic Blueprint LLC now owns 57,834 shares of the company’s stock worth $1,507,000 after buying an additional 38,619 shares during the period. 3EDGE Asset Management LP raised its holdings in 3EDGE Dynamic International Equity ETF by 122.5% during the 2nd quarter. 3EDGE Asset Management LP now owns 154,455 shares of the company’s stock valued at $4,024,000 after buying an additional 85,025 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in 3EDGE Dynamic International Equity ETF by 235.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 68,723 shares of the company’s stock valued at $1,790,000 after buying an additional 48,217 shares during the period. Finally, Atria Investments Inc bought a new stake in 3EDGE Dynamic International Equity ETF in the 2nd quarter worth $319,000.

3EDGE Dynamic International Equity ETF Stock Down 0.1%

Shares of NYSEARCA EDGI traded down $0.03 during mid-day trading on Thursday, reaching $30.19. 36,277 shares of the company were exchanged, compared to its average volume of 29,188. The stock has a market capitalization of $179.33 million, a PE ratio of 15.94 and a beta of 1.10. 3EDGE Dynamic International Equity ETF has a 52 week low of $21.17 and a 52 week high of $30.34. The company’s 50 day moving average price is $28.76 and its 200 day moving average price is $27.77.

3EDGE Dynamic International Equity ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 246.0%.

3EDGE Dynamic International Equity ETF Company Profile

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.