Short Interest in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Increases By 166.7%

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 37,337 shares, a growth of 166.7% from the June 15th total of 13,999 shares. Based on an average trading volume of 76,227 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

3EDGE Dynamic Fixed Income ETF Trading Down 0.1%

EDGF opened at $24.61 on Tuesday. 3EDGE Dynamic Fixed Income ETF has a 12 month low of $23.81 and a 12 month high of $27.28. The business’s 50-day moving average price is $24.78 and its 200-day moving average price is $24.76.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of 3EDGE Dynamic Fixed Income ETF during the 3rd quarter valued at about $51,000. Bank of New York Mellon Corp raised its stake in 3EDGE Dynamic Fixed Income ETF by 154.6% in the first quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock worth $553,000 after buying an additional 13,570 shares in the last quarter. Finally, Strategic Blueprint LLC raised its stake in 3EDGE Dynamic Fixed Income ETF by 22.6% in the fourth quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock worth $6,660,000 after buying an additional 49,736 shares in the last quarter.

About 3EDGE Dynamic Fixed Income ETF

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.