3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Sees Large Growth in Short Interest

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 14,475 shares, a growth of 1,464.9% from the March 31st total of 925 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 68,403 shares, the days-to-cover ratio is presently 0.2 days.

3EDGE Dynamic International Equity ETF Trading Up 0.8%

NYSEARCA:EDGI opened at $29.87 on Friday. 3EDGE Dynamic International Equity ETF has a 52 week low of $24.09 and a 52 week high of $31.62. The stock has a 50 day moving average of $29.53 and a 200-day moving average of $28.97. The firm has a market capitalization of $50.78 million, a PE ratio of 15.94 and a beta of 0.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC grew its stake in 3EDGE Dynamic International Equity ETF by 36.0% in the 4th quarter. Orion Porfolio Solutions LLC now owns 3,652,277 shares of the company’s stock valued at $103,652,000 after buying an additional 966,342 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in 3EDGE Dynamic International Equity ETF by 23.7% in the 4th quarter. Osaic Holdings Inc. now owns 1,703,564 shares of the company’s stock valued at $48,347,000 after purchasing an additional 326,646 shares during the period. Potomac Fund Management Inc. ADV boosted its holdings in 3EDGE Dynamic International Equity ETF by 15.4% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 194,314 shares of the company’s stock valued at $5,515,000 after purchasing an additional 25,995 shares during the period. 3EDGE Asset Management LP boosted its holdings in 3EDGE Dynamic International Equity ETF by 1.3% in the 4th quarter. 3EDGE Asset Management LP now owns 187,426 shares of the company’s stock valued at $5,319,000 after purchasing an additional 2,480 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in 3EDGE Dynamic International Equity ETF by 52.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 104,757 shares of the company’s stock valued at $2,904,000 after purchasing an additional 36,034 shares during the period.

3EDGE Dynamic International Equity ETF Company Profile

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.