Short Interest in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Declines By 56.6%

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 16,194 shares, a decrease of 56.6% from the June 30th total of 37,337 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 88,203 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Blueprint LLC raised its position in 3EDGE Dynamic Fixed Income ETF by 22.6% during the fourth quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock valued at $6,660,000 after purchasing an additional 49,736 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of 3EDGE Dynamic Fixed Income ETF in the 3rd quarter worth approximately $51,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of 3EDGE Dynamic Fixed Income ETF by 154.6% in the 1st quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock worth $553,000 after purchasing an additional 13,570 shares during the period.

3EDGE Dynamic Fixed Income ETF Trading Down 0.0%

EDGF stock opened at $24.60 on Monday. 3EDGE Dynamic Fixed Income ETF has a 52 week low of $23.81 and a 52 week high of $27.28. The company has a fifty day simple moving average of $24.74 and a two-hundred day simple moving average of $24.75.

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.