3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Short Interest Up 70.9% in May

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 44,122 shares, a growth of 70.9% from the May 14th total of 25,811 shares. Based on an average daily volume of 97,055 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On 3EDGE Dynamic Fixed Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Blueprint LLC boosted its position in shares of 3EDGE Dynamic Fixed Income ETF by 22.6% in the 4th quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock valued at $6,660,000 after purchasing an additional 49,736 shares during the period. Bank of New York Mellon Corp raised its position in 3EDGE Dynamic Fixed Income ETF by 154.6% during the first quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock valued at $553,000 after buying an additional 13,570 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in 3EDGE Dynamic Fixed Income ETF during the third quarter valued at $51,000.

3EDGE Dynamic Fixed Income ETF Trading Up 0.0%

Shares of NYSEARCA:EDGF traded up $0.01 during midday trading on Tuesday, reaching $24.87. The company had a trading volume of 108,928 shares, compared to its average volume of 181,908. 3EDGE Dynamic Fixed Income ETF has a 1-year low of $23.81 and a 1-year high of $27.28. The company has a fifty day simple moving average of $24.79 and a two-hundred day simple moving average of $24.79.

3EDGE Dynamic Fixed Income ETF Company Profile

The 3EDGE Dynamic Fixed Income ETF (EDGF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that broadly invests in fixed income securities of various maturities and credit quality. The fund dynamically shifts across various debt securities depending on market conditions. EDGF was launched on Oct 3, 2024 and is issued by 3Edge.