Short Interest in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Declines By 30.7%

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGFGet Free Report) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 28,452 shares, a decrease of 30.7% from the November 30th total of 41,040 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 69,999 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 69,999 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

3EDGE Dynamic Fixed Income ETF Trading Down 0.1%

Shares of EDGF stock traded down $0.02 during trading on Wednesday, reaching $24.65. The company’s stock had a trading volume of 53,335 shares, compared to its average volume of 77,613. 3EDGE Dynamic Fixed Income ETF has a 1-year low of $23.81 and a 1-year high of $27.28. The stock’s 50-day moving average price is $24.94 and its 200 day moving average price is $24.90.

3EDGE Dynamic Fixed Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.3246 per share. This is an increase from 3EDGE Dynamic Fixed Income ETF’s previous quarterly dividend of $0.20. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, December 30th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 3EDGE Dynamic Fixed Income ETF stock. JPMorgan Chase & Co. purchased a new position in shares of 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGFFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,068 shares of the company’s stock, valued at approximately $51,000.

About 3EDGE Dynamic Fixed Income ETF

(Get Free Report)

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.

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