Short Interest in 3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Grows By 2,316.7%

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 14,500 shares, a growth of 2,316.7% from the August 31st total of 600 shares. Based on an average trading volume of 52,700 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 52,700 shares, the days-to-cover ratio is presently 0.3 days.

3EDGE Dynamic International Equity ETF Stock Performance

EDGI stock opened at $27.88 on Thursday. The company has a market capitalization of $107.90 million and a price-to-earnings ratio of 15.94. 3EDGE Dynamic International Equity ETF has a fifty-two week low of $21.17 and a fifty-two week high of $27.91. The stock has a fifty day moving average of $26.91 and a 200-day moving average of $25.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC grew its stake in shares of 3EDGE Dynamic International Equity ETF by 269.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,610,459 shares of the company’s stock worth $41,957,000 after acquiring an additional 1,174,364 shares during the period. Osaic Holdings Inc. grew its stake in shares of 3EDGE Dynamic International Equity ETF by 233,379.1% during the 2nd quarter. Osaic Holdings Inc. now owns 861,538 shares of the company’s stock worth $22,445,000 after acquiring an additional 861,169 shares during the period. 3EDGE Asset Management LP grew its stake in shares of 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 worth $4,024,000 after acquiring an additional 85,025 shares during the period. Envestnet Asset Management Inc. boosted its stake in 3EDGE Dynamic International Equity ETF by 235.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 68,723 shares of the company’s stock worth $1,790,000 after purchasing an additional 48,217 shares during the period. Finally, Strategic Blueprint LLC boosted its stake in 3EDGE Dynamic International Equity ETF by 201.0% in the 2nd quarter. Strategic Blueprint LLC now owns 57,834 shares of the company’s stock worth $1,507,000 after purchasing an additional 38,619 shares during the period.

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.