3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Sees Significant Increase in Short Interest

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 925 shares, a growth of 119.7% from the March 15th total of 421 shares. Based on an average daily volume of 151,311 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

3EDGE Dynamic International Equity ETF Price Performance

EDGI stock traded up $0.31 during midday trading on Tuesday, hitting $30.26. The stock had a trading volume of 6,585 shares, compared to its average volume of 107,056. The firm has a market cap of $33.59 million, a price-to-earnings ratio of 15.94 and a beta of 0.47. The business has a 50-day moving average of $29.61 and a two-hundred day moving average of $28.84. 3EDGE Dynamic International Equity ETF has a 52-week low of $23.13 and a 52-week high of $31.62.

Institutional Investors Weigh In On 3EDGE Dynamic International Equity ETF

Several institutional investors have recently modified their holdings of the business. Strategic Blueprint LLC raised its stake in shares of 3EDGE Dynamic International Equity ETF by 33.8% in the third quarter. Strategic Blueprint LLC now owns 77,362 shares of the company’s stock worth $2,145,000 after buying an additional 19,528 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of 3EDGE Dynamic International Equity ETF by 269.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,610,459 shares of the company’s stock worth $41,957,000 after buying an additional 1,174,364 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of 3EDGE Dynamic International Equity ETF by 52.4% in the third quarter. Envestnet Asset Management Inc. now owns 104,757 shares of the company’s stock worth $2,904,000 after buying an additional 36,034 shares during the period. Osaic Holdings Inc. raised its stake in shares of 3EDGE Dynamic International Equity ETF by 233,379.1% in the second quarter. Osaic Holdings Inc. now owns 861,538 shares of the company’s stock worth $22,445,000 after buying an additional 861,169 shares during the period. Finally, 3EDGE Asset Management LP raised its stake in shares of 3EDGE Dynamic International Equity ETF by 19.7% in the third quarter. 3EDGE Asset Management LP now owns 184,946 shares of the company’s stock worth $5,127,000 after buying an additional 30,491 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.