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

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 15,835 shares, a drop of 57.3% from the April 15th total of 37,082 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 94,661 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On 3EDGE Dynamic Fixed Income ETF

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

3EDGE Dynamic Fixed Income ETF Stock Performance

Shares of EDGF traded down $0.03 on Friday, reaching $24.77. The company’s stock had a trading volume of 59,440 shares, compared to its average volume of 204,068. The stock’s 50 day simple moving average is $24.78 and its two-hundred day simple moving average is $24.81. 3EDGE Dynamic Fixed Income ETF has a 12-month low of $23.81 and a 12-month high of $27.28.

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.