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

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 16,194 shares, a decline of 56.6% from the June 30th total of 37,337 shares. Based on an average trading volume of 88,203 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

3EDGE Dynamic Fixed Income ETF Price Performance

Shares of NYSEARCA EDGF traded up $0.04 during trading hours on Tuesday, reaching $24.64. 95,664 shares of the stock were exchanged, compared to its average volume of 160,536. 3EDGE Dynamic Fixed Income ETF has a 52 week low of $23.81 and a 52 week high of $27.28. The stock’s fifty day simple moving average is $24.74 and its 200 day simple moving average is $24.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EDGF. JPMorgan Chase & Co. bought a new position in 3EDGE Dynamic Fixed Income ETF during the 3rd quarter worth $51,000. Bank of New York Mellon Corp boosted its position 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 valued at $553,000 after acquiring an additional 13,570 shares during the period. Finally, Strategic Blueprint LLC grew its stake in shares of 3EDGE Dynamic Fixed Income ETF by 22.6% in the fourth quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock valued at $6,660,000 after acquiring an additional 49,736 shares in 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.