3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Short Interest Down 90.1% in January

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,569 shares, a decrease of 90.1% from the January 15th total of 15,812 shares. Based on an average trading volume of 15,131 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 15,131 shares, the days-to-cover ratio is currently 0.1 days.

3EDGE Dynamic US Equity ETF Stock Up 0.2%

Shares of 3EDGE Dynamic US Equity ETF stock traded up $0.07 during trading hours on Wednesday, reaching $29.32. 15,256 shares of the stock traded hands, compared to its average volume of 27,416. 3EDGE Dynamic US Equity ETF has a one year low of $21.57 and a one year high of $29.40. The firm has a market capitalization of $55.41 million, a price-to-earnings ratio of 24.13 and a beta of 1.10. The company has a 50 day moving average price of $28.82 and a 200 day moving average price of $28.01.

3EDGE Dynamic US Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.1028 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On 3EDGE Dynamic US Equity ETF

A hedge fund recently bought a new stake in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC purchased a new position in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing.

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.