3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Significant Drop in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 15,569 shares, a decline of 34.2% from the June 30th total of 23,674 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 36,605 shares, the days-to-cover ratio is currently 0.4 days.

3EDGE Dynamic US Equity ETF Trading Up 0.4%

Shares of EDGU stock traded up $0.13 during midday trading on Friday, reaching $31.14. 24,441 shares of the stock were exchanged, compared to its average volume of 38,023. 3EDGE Dynamic US Equity ETF has a 1 year low of $25.90 and a 1 year high of $32.19. The firm has a market cap of $149.16 million, a PE ratio of 24.13 and a beta of 0.91. The company’s 50 day moving average is $31.49 and its two-hundred day moving average is $29.95.

Institutional Investors Weigh In On 3EDGE Dynamic US Equity ETF

A hedge fund recently bought a new position in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC acquired a new position in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the fourth quarter, according to the company in its most recent filing 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 approximately 0.15% of 3EDGE Dynamic US Equity ETF at the end of the most recent quarter.

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.