3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Stock Short Interest Declines 49.5%

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,357 shares, a drop of 49.5% from the September 30th total of 6,647 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 17,449 shares, the days-to-cover ratio is currently 0.2 days.

3EDGE Dynamic International Equity ETF Stock Down 2.1%

EDGI stock traded down $0.63 during mid-day trading on Friday, reaching $29.80. 22,067 shares of the stock traded hands, compared to its average volume of 58,286. 3EDGE Dynamic International Equity ETF has a 52 week low of $27.07 and a 52 week high of $32.44. The business has a 50-day moving average of $31.39 and a two-hundred day moving average of $30.60. The firm has a market capitalization of $115.33 million, a PE ratio of 15.94 and a beta of 0.53.

Hedge Funds Weigh In On 3EDGE Dynamic International Equity ETF

A number of institutional investors have recently made changes to their positions in EDGI. Diversify Advisory Services LLC boosted its stake in 3EDGE Dynamic International Equity ETF by 38.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,285 shares of the company’s stock valued at $1,484,000 after purchasing an additional 13,436 shares during the period. AMG Asset Management Group Inc. grew its holdings in 3EDGE Dynamic International Equity ETF by 35.9% in the 3rd quarter. AMG Asset Management Group Inc. now owns 62,325 shares of the company’s stock valued at $1,955,000 after buying an additional 16,461 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in 3EDGE Dynamic International Equity ETF by 22.5% in the 1st quarter. Diversify Wealth Management LLC now owns 71,974 shares of the company’s stock valued at $2,125,000 after buying an additional 13,229 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in 3EDGE Dynamic International Equity ETF by 220.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 103,174 shares of the company’s stock worth $3,192,000 after buying an additional 70,950 shares during the period.

About 3EDGE Dynamic International Equity ETF

The 3EDGE Dynamic International Equity ETF (EDGI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, investing in equity securities from international markets, primarily targeting Europe, Japan, China, India, and emerging markets. The fund adjusts its portfolio based on sector, country, and currency analysis EDGI was launched on Oct 3, 2024 and is issued by 3Edge.