3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Sees Significant Drop in Short Interest

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 11,853 shares, a decrease of 58.3% from the December 15th total of 28,452 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 38,686 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 38,686 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 3EDGE Dynamic Fixed Income ETF stock. JPMorgan Chase & Co. purchased a new stake in shares of 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,068 shares of the company’s stock, valued at approximately $51,000.

3EDGE Dynamic Fixed Income ETF Stock Down 0.1%

3EDGE Dynamic Fixed Income ETF stock traded down $0.03 during mid-day trading on Friday, reaching $24.64. The company’s stock had a trading volume of 50,137 shares, compared to its average volume of 57,112. The firm’s fifty day moving average price is $24.88 and its two-hundred day moving average price is $24.88. 3EDGE Dynamic Fixed Income ETF has a 12-month low of $23.81 and a 12-month high of $27.28.

3EDGE Dynamic Fixed Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.3246 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Tuesday, December 30th. This is a positive change from 3EDGE Dynamic Fixed Income ETF’s previous quarterly dividend of $0.20.

About 3EDGE Dynamic Fixed Income ETF

The 3EDGE Dynamic Fixed Income ETF (EDGF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that broadly invests in fixed income securities of various maturities and credit quality. The fund dynamically shifts across various debt securities depending on market conditions. EDGF was launched on Oct 3, 2024 and is issued by 3Edge.