3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 5,386 shares, a decrease of 57.9% from the September 30th total of 12,792 shares. Based on an average daily trading volume, of 14,492 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.
3EDGE Dynamic US Equity ETF Stock Down 1.6%
EDGU stock traded down $0.51 during trading on Friday, reaching $31.40. 16,621 shares of the company’s stock were exchanged, compared to its average volume of 42,991. 3EDGE Dynamic US Equity ETF has a 1-year low of $27.11 and a 1-year high of $32.63. The company’s fifty day moving average price is $31.81 and its 200-day moving average price is $30.56. The firm has a market cap of $100.48 million, a PE ratio of 24.13 and a beta of 0.93.
3EDGE Dynamic US Equity ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a dividend of $0.0213 per share. This is a decrease from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.0387. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, September 29th.
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.
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