3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Short Interest Up 89.2% in June

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 23,674 shares, an increase of 89.2% from the June 15th total of 12,510 shares. Based on an average daily volume of 27,905 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the shares of the company are sold short.

3EDGE Dynamic US Equity ETF Price Performance

Shares of EDGU traded down $0.13 during mid-day trading on Thursday, hitting $31.50. The stock had a trading volume of 23,085 shares, compared to its average volume of 39,224. The firm has a market cap of $173.25 million, a P/E ratio of 24.13 and a beta of 0.91. The business has a fifty day moving average price of $31.45 and a 200-day moving average price of $29.78. 3EDGE Dynamic US Equity ETF has a 52 week low of $25.90 and a 52 week high of $32.19.

Institutional Investors Weigh In On 3EDGE Dynamic US Equity ETF

A hedge fund recently bought a new position in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC acquired a new stake in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing.

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.