3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Short Interest Update

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 10,596 shares, an increase of 575.3% from the January 29th total of 1,569 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 14,272 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 14,272 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the company’s shares are short sold.

Hedge Funds 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) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,836 shares of the company’s stock, valued at approximately $81,000. Basepoint Wealth LLC owned about 0.15% of 3EDGE Dynamic US Equity ETF at the end of the most recent reporting period.

3EDGE Dynamic US Equity ETF Price Performance

NYSEARCA EDGU traded up $0.19 on Wednesday, reaching $29.28. The company had a trading volume of 9,712 shares, compared to its average volume of 23,771. The firm has a market cap of $55.34 million, a price-to-earnings ratio of 24.13 and a beta of 1.10. 3EDGE Dynamic US Equity ETF has a fifty-two week low of $21.57 and a fifty-two week high of $29.40. The business has a 50 day moving average of $28.94 and a two-hundred day moving average of $28.21.

3EDGE Dynamic US Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $0.1028 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.02. This represents a $0.41 annualized dividend and a dividend yield of 1.4%.

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.