3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Sees Significant Drop in Short Interest

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,357 shares, a decrease of 49.5% from the September 30th total of 6,647 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,449 shares, the short-interest ratio is currently 0.2 days.

3EDGE Dynamic International Equity ETF Stock Up 1.3%

EDGI traded up $0.39 during trading on Monday, reaching $30.19. The company’s stock had a trading volume of 1,189 shares, compared to its average volume of 58,014. The company has a market cap of $116.84 million, a price-to-earnings ratio of 15.94 and a beta of 0.53. The firm has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $30.60. 3EDGE Dynamic International Equity ETF has a 1 year low of $27.07 and a 1 year high of $32.44.

Hedge Funds Weigh In On 3EDGE Dynamic International Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in 3EDGE Dynamic International Equity ETF by 220.2% during the second quarter. Envestnet Asset Management Inc. now owns 103,174 shares of the company’s stock worth $3,192,000 after buying an additional 70,950 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of 3EDGE Dynamic International Equity ETF by 22.5% during the 1st quarter. Diversify Wealth Management LLC now owns 71,974 shares of the company’s stock valued at $2,125,000 after acquiring an additional 13,229 shares during the last quarter. AMG Asset Management Group Inc. boosted its position in shares of 3EDGE Dynamic International Equity ETF by 35.9% during the 3rd quarter. AMG Asset Management Group Inc. now owns 62,325 shares of the company’s stock valued at $1,955,000 after acquiring an additional 16,461 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its position in shares of 3EDGE Dynamic International Equity ETF by 38.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,285 shares of the company’s stock valued at $1,484,000 after acquiring an additional 13,436 shares during the last quarter.

3EDGE Dynamic International Equity ETF Company Profile

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.