3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Sees Significant Growth in Short Interest

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 44,122 shares, an increase of 70.9% from the May 14th total of 25,811 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 97,055 shares, the short-interest ratio is presently 0.5 days.

3EDGE Dynamic Fixed Income ETF Stock Performance

EDGF traded down $0.01 during midday trading on Wednesday, hitting $24.86. 8,559 shares of the company traded hands, compared to its average volume of 180,397. 3EDGE Dynamic Fixed Income ETF has a 52-week low of $23.81 and a 52-week high of $27.28. The business has a 50 day simple moving average of $24.80 and a two-hundred day simple moving average of $24.79.

Hedge Funds Weigh In On 3EDGE Dynamic Fixed Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in 3EDGE Dynamic Fixed Income ETF during the third quarter valued at $51,000. Bank of New York Mellon Corp lifted its holdings in 3EDGE Dynamic Fixed Income ETF by 154.6% during the first quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock valued at $553,000 after purchasing an additional 13,570 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its holdings 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 in the last quarter.

3EDGE Dynamic Fixed Income ETF Company Profile

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.