3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Sees Significant Drop in Short Interest

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 15,835 shares, a decrease of 57.3% from the April 15th total of 37,082 shares. Based on an average daily volume of 94,661 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

3EDGE Dynamic Fixed Income ETF Stock Performance

EDGF stock traded down $0.03 during trading on Friday, hitting $24.77. 59,440 shares of the stock traded hands, compared to its average volume of 204,068. 3EDGE Dynamic Fixed Income ETF has a 1 year low of $23.81 and a 1 year high of $27.28. The firm’s 50 day moving average is $24.78 and its two-hundred day moving average is $24.81.

Institutional Trading of 3EDGE Dynamic Fixed Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Strategic Blueprint LLC boosted its holdings in shares of 3EDGE Dynamic Fixed Income ETF by 22.6% during the 4th quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock valued at $6,660,000 after acquiring an additional 49,736 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 3EDGE Dynamic Fixed Income ETF by 154.6% during the 1st quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock valued at $553,000 after acquiring an additional 13,570 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of 3EDGE Dynamic Fixed Income ETF during the 3rd quarter valued at about $51,000.

3EDGE Dynamic Fixed Income ETF Company Profile

The 3EDGE Dynamic Fixed Income ETF (EDGF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that broadly invests in fixed income securities of various maturities and credit quality. The fund dynamically shifts across various debt securities depending on market conditions. EDGF was launched on Oct 3, 2024 and is issued by 3Edge.