3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Short Interest Up 89.2% in June

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 23,674 shares, an increase of 89.2% from the June 15th total of 12,510 shares. Based on an average daily volume of 27,905 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are sold short.

3EDGE Dynamic US Equity ETF Stock Performance

NYSEARCA:EDGU traded down $0.13 during trading on Thursday, reaching $31.50. The company’s stock had a trading volume of 23,085 shares, compared to its average volume of 39,224. 3EDGE Dynamic US Equity ETF has a 12 month low of $25.90 and a 12 month high of $32.19. The firm has a market cap of $173.25 million, a price-to-earnings ratio of 24.13 and a beta of 0.91. The firm has a 50 day moving average of $31.45 and a 200-day moving average of $29.78.

Institutional Trading of 3EDGE Dynamic US Equity ETF

A hedge fund recently bought a new position in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC bought a new stake in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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.