Short Interest in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Declines By 34.2%

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGUGet Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 15,569 shares, a decline of 34.2% from the June 30th total of 23,674 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 36,605 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On 3EDGE Dynamic US Equity ETF

A hedge fund recently bought a new position in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC acquired a new position in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGUFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 remained flat at $31.01 on Friday. The company’s stock had a trading volume of 7,205 shares, compared to its average volume of 38,117. The company has a fifty day moving average price of $31.49 and a 200-day moving average price of $29.94. 3EDGE Dynamic US Equity ETF has a 12-month low of $25.90 and a 12-month high of $32.19. The stock has a market capitalization of $148.54 million, a P/E ratio of 24.13 and a beta of 0.91.

3EDGE Dynamic US Equity ETF Company Profile

(Get Free Report)

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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