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

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,940 shares, a drop of 82.1% from the August 31st total of 10,808 shares. Based on an average daily trading volume, of 230,711 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of 3EDGE Dynamic US Equity ETF

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

3EDGE Dynamic US Equity ETF Stock Performance

Shares of 3EDGE Dynamic US Equity ETF stock opened at $31.84 on Friday. The firm has a 50-day moving average of $31.77 and a 200-day moving average of $30.77. 3EDGE Dynamic US Equity ETF has a 52-week low of $27.11 and a 52-week high of $32.63. The stock has a market cap of $101.89 million, a PE ratio of 24.13 and a beta of 0.92.

3EDGE Dynamic US Equity ETF Company Profile

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.