3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 12,952 shares, a drop of 40.6% from the April 15th total of 21,789 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 21,550 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Trading of 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 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.
3EDGE Dynamic US Equity ETF Stock Performance
NYSEARCA:EDGU traded down $0.02 during trading hours on Tuesday, reaching $30.71. The stock had a trading volume of 21,802 shares, compared to its average volume of 43,239. The stock has a 50 day simple moving average of $29.04 and a 200 day simple moving average of $28.82. 3EDGE Dynamic US Equity ETF has a 12-month low of $24.44 and a 12-month high of $31.22. The stock has a market cap of $118.85 million, a P/E ratio of 24.13 and a beta of 0.91.
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.
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