3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Shares Shorted: Short Interest Down 57.9% in October

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,386 shares, a drop of 57.9% from the September 30th total of 12,792 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 14,492 shares, the days-to-cover ratio is currently 0.4 days.

3EDGE Dynamic US Equity ETF Price Performance

EDGU stock opened at $31.40 on Friday. 3EDGE Dynamic US Equity ETF has a 1-year low of $27.11 and a 1-year high of $32.63. The business has a 50 day simple moving average of $31.80 and a two-hundred day simple moving average of $30.57. The company has a market capitalization of $100.48 million, a price-to-earnings ratio of 24.13 and a beta of 0.93.

3EDGE Dynamic US Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0213 per share. This is a negative change from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.0387. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, September 29th.

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.