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

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 12,952 shares, a decline of 40.6% from the April 15th total of 21,789 shares. Based on an average daily volume of 21,550 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are sold short.

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 acquired a new position in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.

3EDGE Dynamic US Equity ETF Price Performance

NYSEARCA EDGU traded down $0.41 on Friday, hitting $30.73. 16,127 shares of the stock were exchanged, compared to its average volume of 43,619. 3EDGE Dynamic US Equity ETF has a 52-week low of $24.44 and a 52-week high of $31.22. The company has a market capitalization of $118.93 million, a price-to-earnings ratio of 24.13 and a beta of 0.91. The company’s 50-day moving average price is $29.00 and its two-hundred day moving average price is $28.81.

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.