Short Interest in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Grows By 89.2%

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 23,674 shares, an increase of 89.2% from the June 15th total of 12,510 shares. Based on an average trading volume of 27,905 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are sold short.

3EDGE Dynamic US Equity ETF Stock Down 0.9%

EDGU traded down $0.29 during trading on Friday, hitting $31.21. 19,322 shares of the stock were exchanged, compared to its average volume of 39,076. The firm has a market capitalization of $171.66 million, a P/E ratio of 24.13 and a beta of 0.91. 3EDGE Dynamic US Equity ETF has a 1-year low of $25.90 and a 1-year high of $32.19. The stock has a fifty day moving average price of $31.46 and a two-hundred day moving average price of $29.79.

Institutional Investors Weigh In On 3EDGE Dynamic US Equity ETF

An institutional investor recently bought a new position in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC bought a new stake in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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 Company Profile

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.