Short Interest in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Declines By 68.3%

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 13,999 shares, a drop of 68.3% from the May 31st total of 44,122 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 70,717 shares, the short-interest ratio is currently 0.2 days.

3EDGE Dynamic Fixed Income ETF Trading Down 0.9%

Shares of NYSEARCA EDGF traded down $0.22 during trading hours on Monday, hitting $24.66. The stock had a trading volume of 65,850 shares, compared to its average volume of 174,779. The firm’s 50-day moving average price is $24.81 and its two-hundred day moving average price is $24.78. 3EDGE Dynamic Fixed Income ETF has a 52 week low of $23.81 and a 52 week high of $27.28.

Institutional Trading of 3EDGE Dynamic Fixed Income ETF

A number of institutional investors have recently added to or reduced their stakes in EDGF. Strategic Blueprint LLC increased its stake 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 worth $6,660,000 after purchasing an additional 49,736 shares during the last quarter. Bank of New York Mellon Corp raised 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 purchasing an additional 13,570 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of 3EDGE Dynamic Fixed Income ETF during the 3rd quarter valued at $51,000.

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.