Short Interest in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Increases By 70.9%

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 44,122 shares, an increase of 70.9% from the May 14th total of 25,811 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 97,055 shares, the days-to-cover ratio is presently 0.5 days.

3EDGE Dynamic Fixed Income ETF Trading Up 0.1%

3EDGE Dynamic Fixed Income ETF stock traded up $0.02 during mid-day trading on Monday, hitting $24.86. The company’s stock had a trading volume of 86,193 shares, compared to its average volume of 182,555. 3EDGE Dynamic Fixed Income ETF has a twelve month low of $23.81 and a twelve month high of $27.28. The stock’s fifty day moving average price is $24.79 and its two-hundred day moving average price is $24.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Strategic Blueprint LLC grew its position 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 during the last quarter. Bank of New York Mellon Corp grew its position 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 during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in 3EDGE Dynamic Fixed Income ETF in the third quarter worth approximately $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.