3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Significant Increase in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the recipient of a large increase in short interest in the month of 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 short-interest ratio is presently 0.3 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 50,857 shares, the short-interest ratio is presently 0.3 days.

3EDGE Dynamic US Equity ETF Price Performance

EDGU stock traded down $0.03 during midday trading on Wednesday, hitting $29.07. 13,107 shares of the stock traded hands, compared to its average volume of 35,154. 3EDGE Dynamic US Equity ETF has a 1-year low of $21.57 and a 1-year high of $29.21. The stock’s fifty day simple moving average is $28.60 and its 200-day simple moving average is $27.81. The firm has a market cap of $53.78 million, a P/E ratio of 24.13 and a beta of 1.10.

3EDGE Dynamic US Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $0.1028 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $0.41 annualized dividend and a dividend yield of 1.4%. This is a boost from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.02.

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.