3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Stock Short Interest Falls 49.5%

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,357 shares, a drop of 49.5% from the September 30th total of 6,647 shares. Based on an average trading volume of 17,449 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

3EDGE Dynamic International Equity ETF Stock Performance

Shares of 3EDGE Dynamic International Equity ETF stock traded down $0.63 during trading hours on Friday, reaching $29.80. 22,067 shares of the company were exchanged, compared to its average volume of 58,286. The stock’s fifty day moving average is $31.39 and its 200 day moving average is $30.60. The firm has a market cap of $115.33 million, a PE ratio of 15.94 and a beta of 0.53. 3EDGE Dynamic International Equity ETF has a 1 year low of $27.07 and a 1 year high of $32.44.

Hedge Funds Weigh In On 3EDGE Dynamic International Equity ETF

Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in 3EDGE Dynamic International Equity ETF by 220.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 103,174 shares of the company’s stock valued at $3,192,000 after purchasing an additional 70,950 shares during the last quarter. AMG Asset Management Group Inc. grew its position in 3EDGE Dynamic International Equity ETF by 35.9% during the 3rd quarter. AMG Asset Management Group Inc. now owns 62,325 shares of the company’s stock worth $1,955,000 after purchasing an additional 16,461 shares during the last quarter. Diversify Advisory Services LLC increased its stake in 3EDGE Dynamic International Equity ETF by 38.6% in the third quarter. Diversify Advisory Services LLC now owns 48,285 shares of the company’s stock valued at $1,484,000 after purchasing an additional 13,436 shares during the period. Finally, Diversify Wealth Management LLC grew its holdings in shares of 3EDGE Dynamic International Equity ETF by 22.5% during the first quarter. Diversify Wealth Management LLC now owns 71,974 shares of the company’s stock worth $2,125,000 after buying an additional 13,229 shares during the last quarter.

About 3EDGE Dynamic International Equity ETF

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.