Short Interest in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Declines By 40.6%

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 12,952 shares, a decrease of 40.6% from the April 15th total of 21,789 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 21,550 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC acquired a new stake in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,836 shares of the company’s stock, valued at approximately $81,000. Basepoint Wealth LLC owned about 0.15% of 3EDGE Dynamic US Equity ETF as of its most recent filing with the Securities & Exchange Commission.

3EDGE Dynamic US Equity ETF Stock Performance

Shares of EDGU traded down $0.41 during trading hours on Friday, reaching $30.73. 16,127 shares of the company traded hands, compared to its average volume of 43,619. The stock’s fifty day moving average is $29.00 and its 200 day moving average is $28.81. The stock has a market cap of $118.93 million, a P/E ratio of 24.13 and a beta of 0.91. 3EDGE Dynamic US Equity ETF has a 1-year low of $24.44 and a 1-year high of $31.22.

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.