Short Interest in 3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Expands By 100.5%

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 10,147 shares, a growth of 100.5% from the August 15th total of 5,062 shares. Based on an average trading volume of 18,860 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On 3EDGE Dynamic International Equity ETF

Several large investors have recently modified their holdings of EDGI. Orion Porfolio Solutions LLC lifted its stake in shares of 3EDGE Dynamic International Equity ETF by 36.0% during the 4th quarter. Orion Porfolio Solutions LLC now owns 3,652,277 shares of the company’s stock worth $103,652,000 after buying an additional 966,342 shares during the last quarter. Osaic Holdings Inc. raised its holdings in 3EDGE Dynamic International Equity ETF by 23.7% in the 4th quarter. Osaic Holdings Inc. now owns 1,703,564 shares of the company’s stock valued at $48,347,000 after acquiring an additional 326,646 shares during the period. Private Advisor Group LLC acquired a new stake in 3EDGE Dynamic International Equity ETF during the third quarter worth approximately $2,757,000. Diversify Wealth Management LLC lifted its position in 3EDGE Dynamic International Equity ETF by 297.9% during the second quarter. Diversify Wealth Management LLC now owns 45,956 shares of the company’s stock worth $1,226,000 after acquiring an additional 34,406 shares during the last quarter. Finally, AMG Asset Management Group Inc. bought a new stake in shares of 3EDGE Dynamic International Equity ETF during the fourth quarter worth approximately $803,000.

3EDGE Dynamic International Equity ETF Stock Down 1.4%

Shares of EDGI stock traded down $0.44 during trading on Monday, reaching $31.66. 25,542 shares of the company’s stock were exchanged, compared to its average volume of 66,080. 3EDGE Dynamic International Equity ETF has a twelve month low of $27.07 and a twelve month high of $32.44. The firm’s fifty day moving average price is $31.40 and its 200-day moving average price is $30.56. The stock has a market capitalization of $158.29 million, a PE ratio of 15.94 and a beta of 0.52.

3EDGE Dynamic International Equity ETF Announces Dividend

The business also recently disclosed a semiannual dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a dividend of $0.0764 per share. This represents a yield of 50.0%. The ex-dividend date of this dividend was Monday, June 29th.

3EDGE Dynamic International Equity ETF Company Profile

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.