3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Large Growth in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 15,812 shares, an increase of 987.5% from the December 31st total of 1,454 shares. Based on an average daily volume of 50,857 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 50,857 shares, the days-to-cover ratio is currently 0.3 days.

3EDGE Dynamic US Equity ETF Trading Down 0.1%

EDGU traded down $0.02 on Wednesday, reaching $29.08. The company had a trading volume of 5,767 shares, compared to its average volume of 34,770. The company has a fifty day moving average of $28.60 and a 200-day moving average of $27.81. The company has a market capitalization of $53.81 million, a P/E ratio of 24.13 and a beta of 1.10. 3EDGE Dynamic US Equity ETF has a one year low of $21.57 and a one year high of $29.21.

3EDGE Dynamic US Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $0.1028 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 1.4%. This is a positive change from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, December 30th.

3EDGE Dynamic US Equity ETF Company Profile

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.