3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Sees Significant Increase in Short Interest

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 37,337 shares, an increase of 166.7% from the June 15th total of 13,999 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 76,227 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EDGF. JPMorgan Chase & Co. purchased a new stake in 3EDGE Dynamic Fixed Income ETF in the third quarter worth about $51,000. Bank of New York Mellon Corp increased its stake in shares of 3EDGE Dynamic Fixed Income ETF by 154.6% during the first quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock valued at $553,000 after purchasing an additional 13,570 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its holdings in shares of 3EDGE Dynamic Fixed Income ETF by 22.6% during the fourth quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock valued at $6,660,000 after purchasing an additional 49,736 shares during the last quarter.

3EDGE Dynamic Fixed Income ETF Stock Performance

Shares of EDGF stock traded up $0.02 during mid-day trading on Wednesday, reaching $24.64. 55,691 shares of the company’s stock traded hands, compared to its average volume of 167,456. 3EDGE Dynamic Fixed Income ETF has a 12 month low of $23.81 and a 12 month high of $27.28. The company’s 50-day moving average price is $24.77 and its 200-day moving average price is $24.76.

About 3EDGE Dynamic Fixed Income ETF

The 3EDGE Dynamic Fixed Income ETF (EDGF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that broadly invests in fixed income securities of various maturities and credit quality. The fund dynamically shifts across various debt securities depending on market conditions. EDGF was launched on Oct 3, 2024 and is issued by 3Edge.