3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Shares Shorted: Short Interest Up 101.3% in October

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 68,341 shares, a growth of 101.3% from the September 30th total of 33,944 shares. Based on an average daily trading volume, of 78,077 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 3EDGE Dynamic Fixed Income ETF stock. Bank of New York Mellon Corp raised its stake in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) by 154.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,348 shares of the company’s stock after purchasing an additional 13,570 shares during the quarter. Bank of New York Mellon Corp owned 0.11% of 3EDGE Dynamic Fixed Income ETF worth $553,000 at the end of the most recent reporting period.

3EDGE Dynamic Fixed Income ETF Stock Performance

Shares of NYSEARCA EDGF traded up $0.05 during midday trading on Friday, reaching $24.52. 93,734 shares of the company were exchanged, compared to its average volume of 154,857. 3EDGE Dynamic Fixed Income ETF has a 1 year low of $24.26 and a 1 year high of $25.05. The stock has a fifty day simple moving average of $24.50 and a 200 day simple moving average of $24.68.

3EDGE Dynamic Fixed Income ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.1968 per share. This represents a $0.79 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 29th.

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.