3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 808 shares, a drop of 92.0% from the August 31st total of 10,147 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 58,165 shares, the short-interest ratio is presently 0.0 days.
Hedge Funds Weigh In On 3EDGE Dynamic International Equity ETF
Several hedge funds have recently added to or reduced their stakes in EDGI. Potomac Fund Management Inc. ADV boosted its stake in 3EDGE Dynamic International Equity ETF by 15.4% in the fourth quarter. Potomac Fund Management Inc. ADV now owns 194,314 shares of the company’s stock valued at $5,515,000 after acquiring an additional 25,995 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of 3EDGE Dynamic International Equity ETF by 220.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 103,174 shares of the company’s stock valued at $3,192,000 after purchasing an additional 70,950 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of 3EDGE Dynamic International Equity ETF by 22.5% in the 1st quarter. Diversify Wealth Management LLC now owns 71,974 shares of the company’s stock valued at $2,125,000 after purchasing an additional 13,229 shares during the last quarter. Silver Grove Financial Group Inc. boosted its position in shares of 3EDGE Dynamic International Equity ETF by 37.1% in the 4th quarter. Silver Grove Financial Group Inc. now owns 54,883 shares of the company’s stock valued at $1,558,000 after purchasing an additional 14,865 shares during the period. Finally, AMG Asset Management Group Inc. acquired a new stake in shares of 3EDGE Dynamic International Equity ETF in the 4th quarter valued at about $803,000.
3EDGE Dynamic International Equity ETF Stock Up 1.1%
NYSEARCA EDGI traded up $0.35 on Friday, hitting $31.80. 8,664 shares of the stock were exchanged, compared to its average volume of 63,770. 3EDGE Dynamic International Equity ETF has a fifty-two week low of $27.07 and a fifty-two week high of $32.44. The company has a 50-day moving average price of $31.55 and a 200-day moving average price of $30.64. The company has a market cap of $119.87 million, a PE ratio of 15.94 and a beta of 0.52.
About 3EDGE Dynamic International Equity ETF
The 3EDGE Dynamic International Equity ETF (EDGI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, investing in equity securities from international markets, primarily targeting Europe, Japan, China, India, and emerging markets. The fund adjusts its portfolio based on sector, country, and currency analysis EDGI was launched on Oct 3, 2024 and is issued by 3Edge.
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