3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 13,999 shares, a decrease of 68.3% from the May 31st total of 44,122 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 70,717 shares, the days-to-cover ratio is presently 0.2 days.
3EDGE Dynamic Fixed Income ETF Price Performance
3EDGE Dynamic Fixed Income ETF stock remained flat at $24.66 during mid-day trading on Tuesday. 13,351 shares of the company’s stock were exchanged, compared to its average volume of 173,464. 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 moving average of $24.81 and a two-hundred day moving average of $24.78.
Hedge Funds Weigh In On 3EDGE Dynamic Fixed Income ETF
A number of institutional investors and hedge funds have recently bought and sold shares of EDGF. JPMorgan Chase & Co. acquired a new stake in shares of 3EDGE Dynamic Fixed Income ETF during the third quarter valued at about $51,000. Bank of New York Mellon Corp raised its holdings in 3EDGE Dynamic Fixed Income ETF by 154.6% in the 1st 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 last quarter. Finally, Strategic Blueprint LLC raised its holdings in 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 buying an additional 49,736 shares during the last quarter.
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.
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