Short Interest in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Drops By 28.6%

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 7,565 shares, a decline of 28.6% from the February 12th total of 10,596 shares. Based on an average trading volume of 11,351 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 11,351 shares, the short-interest ratio is currently 0.7 days.

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 purchased a new stake in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 Stock Down 0.4%

Shares of EDGU stock traded down $0.10 on Friday, reaching $27.94. The company had a trading volume of 7,550 shares, compared to its average volume of 21,415. 3EDGE Dynamic US Equity ETF has a one year low of $21.57 and a one year high of $29.40. The stock has a market capitalization of $52.81 million, a PE ratio of 24.13 and a beta of 1.10. The business’s 50-day moving average is $28.94 and its 200 day moving average is $28.37.

3EDGE Dynamic US Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.1028 per share. This is a positive change from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.41 annualized dividend and a dividend yield of 1.5%.

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.