3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Large Increase in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 12,509 shares, a growth of 132.3% from the October 15th total of 5,386 shares. Based on an average daily trading volume, of 13,340 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the stock are short sold.

3EDGE Dynamic US Equity ETF Stock Performance

Shares of EDGU opened at $31.72 on Friday. The stock has a market cap of $102.77 million, a P/E ratio of 20.05 and a beta of 0.92. The company has a 50-day moving average of $31.69 and a two-hundred day moving average of $30.69. 3EDGE Dynamic US Equity ETF has a 12-month low of $27.11 and a 12-month high of $32.63.

3EDGE Dynamic US Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.0213 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.3%. This is a decrease from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.0387.

About 3EDGE Dynamic US Equity ETF

The 3EDGE Dynamic US Equity ETF (EDGU) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, investing in US equity securities with a focus on sector and market capitalization selections. The fund adjusts its portfolio in response to U.S EDGU was launched on Oct 3, 2024 and is issued by 3Edge.