3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,357 shares, a decrease of 49.5% from the September 30th total of 6,647 shares. Based on an average daily volume of 17,449 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Investors Weigh In On 3EDGE Dynamic International Equity ETF
A number of hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in 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 in the last quarter. Diversify Wealth Management LLC increased its position in 3EDGE Dynamic International Equity ETF by 22.5% during the 1st quarter. Diversify Wealth Management LLC now owns 71,974 shares of the company’s stock worth $2,125,000 after purchasing an additional 13,229 shares during the period. AMG Asset Management Group Inc. raised its stake in shares of 3EDGE Dynamic International Equity ETF by 35.9% during the 3rd quarter. AMG Asset Management Group Inc. now owns 62,325 shares of the company’s stock worth $1,955,000 after buying an additional 16,461 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of 3EDGE Dynamic International Equity ETF by 38.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,285 shares of the company’s stock worth $1,484,000 after buying an additional 13,436 shares in the last quarter.
3EDGE Dynamic International Equity ETF Stock Performance
EDGI traded down $0.63 during trading on Friday, hitting $29.80. The stock had a trading volume of 22,067 shares, compared to its average volume of 58,286. The firm has a market capitalization of $115.33 million, a P/E ratio of 15.94 and a beta of 0.53. The company’s 50-day moving average price is $31.39 and its 200 day moving average price is $30.60. 3EDGE Dynamic International Equity ETF has a twelve month low of $27.07 and a twelve month high of $32.44.
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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