3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Short Interest Up 100.5% in August

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 10,147 shares, an increase of 100.5% from the August 15th total of 5,062 shares. Based on an average daily trading volume, of 18,860 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EDGI. Basepoint Wealth LLC purchased a new position in shares of 3EDGE Dynamic International Equity ETF during the fourth quarter valued at approximately $124,000. Coldstream Capital Management Inc. increased its stake in 3EDGE Dynamic International Equity ETF by 9.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 9,910 shares of the company’s stock worth $281,000 after purchasing an additional 866 shares during the period. Integrity Alliance LLC. bought a new stake in shares of 3EDGE Dynamic International Equity ETF during the fourth quarter worth $287,000. Pacific Financial Group Inc. bought a new stake in shares of 3EDGE Dynamic International Equity ETF during the fourth quarter worth $290,000. Finally, AMG Asset Management Group Inc. purchased a new stake in shares of 3EDGE Dynamic International Equity ETF during the fourth quarter valued at $803,000.

3EDGE Dynamic International Equity ETF Stock Up 0.8%

EDGI traded up $0.26 on Wednesday, hitting $31.75. The company had a trading volume of 1,241 shares, compared to its average volume of 65,464. The business’s fifty day simple moving average is $31.41 and its 200 day simple moving average is $30.56. 3EDGE Dynamic International Equity ETF has a 12-month low of $27.07 and a 12-month high of $32.44. The company has a market cap of $158.72 million, a PE ratio of 15.94 and a beta of 0.52.

3EDGE Dynamic International Equity ETF Announces Dividend

The business also recently declared a semiannual dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a $0.0764 dividend. The ex-dividend date was Monday, June 29th. This represents a yield of 50.0%.

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.