3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Sees Significant Increase in Short Interest

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 67,877 shares, a growth of 1,858.4% from the August 31st total of 3,466 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 371,237 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On 3EDGE Dynamic Fixed Income ETF

A hedge fund recently raised its stake in 3EDGE Dynamic Fixed Income ETF stock. Bank of New York Mellon Corp raised its stake in shares of 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) by 154.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,348 shares of the company’s stock after buying an additional 13,570 shares during the period. Bank of New York Mellon Corp owned 0.11% of 3EDGE Dynamic Fixed Income ETF worth $553,000 at the end of the most recent quarter.

3EDGE Dynamic Fixed Income ETF Stock Performance

Shares of EDGF traded down $0.06 during mid-day trading on Thursday, hitting $24.50. 60,571 shares of the company’s stock were exchanged, compared to its average volume of 165,348. The firm has a fifty day moving average of $24.63 and a two-hundred day moving average of $24.72. 3EDGE Dynamic Fixed Income ETF has a twelve month low of $24.38 and a twelve month high of $25.07.

About 3EDGE Dynamic Fixed Income ETF

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.