Short Interest in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Grows By 52.9%

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 11,567 shares, an increase of 52.9% from the February 26th total of 7,565 shares. Based on an average daily trading volume, of 14,691 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC purchased a new stake in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,836 shares of the company’s stock, valued at approximately $81,000. Basepoint Wealth LLC owned approximately 0.15% of 3EDGE Dynamic US Equity ETF as of its most recent SEC filing.

3EDGE Dynamic US Equity ETF Stock Performance

Shares of EDGU stock opened at $27.40 on Monday. The stock has a fifty day simple moving average of $28.73 and a two-hundred day simple moving average of $28.45. The firm has a market capitalization of $51.79 million, a PE ratio of 24.13 and a beta of 1.10. 3EDGE Dynamic US Equity ETF has a 52-week low of $21.57 and a 52-week high of $29.40.

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.