3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Short Interest Down 34.2% in July

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 15,569 shares, a drop of 34.2% from the June 30th total of 23,674 shares. Based on an average daily trading volume, of 36,605 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

3EDGE Dynamic US Equity ETF Stock Performance

Shares of NYSEARCA EDGU remained flat at $31.01 during midday trading on Friday. 7,205 shares of the stock traded hands, compared to its average volume of 38,117. 3EDGE Dynamic US Equity ETF has a 1-year low of $25.90 and a 1-year high of $32.19. The business has a fifty day simple moving average of $31.49 and a two-hundred day simple moving average of $29.94. The firm has a market cap of $148.54 million, a price-to-earnings ratio of 24.13 and a beta of 0.91.

Hedge Funds Weigh In On 3EDGE Dynamic US Equity ETF

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

About 3EDGE Dynamic US Equity ETF

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.