3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Significant Drop in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,628 shares, a decline of 56.3% from the May 14th total of 19,753 shares. Based on an average trading volume of 32,349 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

3EDGE Dynamic US Equity ETF Trading Up 2.1%

3EDGE Dynamic US Equity ETF stock opened at $31.42 on Friday. 3EDGE Dynamic US Equity ETF has a 12-month low of $25.23 and a 12-month high of $32.13. The firm has a 50-day moving average price of $30.27 and a 200-day moving average price of $29.22. The firm has a market capitalization of $121.60 million, a PE ratio of 24.13 and a beta of 0.92.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC purchased a new position in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,836 shares of the company’s stock, valued at approximately $81,000. Basepoint Wealth LLC owned about 0.15% of 3EDGE Dynamic US Equity ETF as of its most recent filing with the Securities and Exchange Commission.

About 3EDGE Dynamic US Equity ETF

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.