Short Interest in 3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Decreases By 54.4%

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 421 shares, a decline of 54.4% from the February 26th total of 924 shares. Based on an average daily volume of 367,258 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

3EDGE Dynamic International Equity ETF Stock Performance

Shares of NYSEARCA EDGI traded down $0.57 during trading on Thursday, hitting $27.78. 15,785 shares of the company traded hands, compared to its average volume of 117,265. The firm has a market capitalization of $167.24 million, a price-to-earnings ratio of 15.94 and a beta of 1.10. The business’s fifty day moving average is $29.88 and its 200 day moving average is $28.72. 3EDGE Dynamic International Equity ETF has a fifty-two week low of $21.17 and a fifty-two week high of $31.62.

3EDGE Dynamic International Equity ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a $0.35 dividend. This represents a yield of 246.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Blueprint LLC raised its position in shares of 3EDGE Dynamic International Equity ETF by 33.8% during the third quarter. Strategic Blueprint LLC now owns 77,362 shares of the company’s stock worth $2,145,000 after purchasing an additional 19,528 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of 3EDGE Dynamic International Equity ETF by 269.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,610,459 shares of the company’s stock worth $41,957,000 after purchasing an additional 1,174,364 shares in the last quarter. Envestnet Asset Management Inc. grew its position 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. Osaic Holdings Inc. increased its stake in 3EDGE Dynamic International Equity ETF by 233,379.1% during the 2nd quarter. Osaic Holdings Inc. now owns 861,538 shares of the company’s stock valued at $22,445,000 after purchasing an additional 861,169 shares in the last quarter. Finally, 3EDGE Asset Management LP increased its stake in 3EDGE Dynamic International Equity ETF by 19.7% during the 3rd quarter. 3EDGE Asset Management LP now owns 184,946 shares of the company’s stock valued at $5,127,000 after purchasing an additional 30,491 shares in the last quarter.

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.