3EDGE Dynamic Hard Assets ETF (NYSEARCA:EDGH) Sees Large Growth in Short Interest

3EDGE Dynamic Hard Assets ETF (NYSEARCA:EDGH) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 29,944 shares, an increase of 513.6% from the March 15th total of 4,880 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,490 shares, the short-interest ratio is currently 1.2 days.

3EDGE Dynamic Hard Assets ETF Stock Performance

Shares of NYSEARCA:EDGH traded down $0.10 during midday trading on Friday, hitting $34.26. The company’s stock had a trading volume of 13,032 shares, compared to its average volume of 50,096. The business’s 50 day simple moving average is $33.72 and its 200 day simple moving average is $31.54. 3EDGE Dynamic Hard Assets ETF has a 12-month low of $25.70 and a 12-month high of $35.71.

Hedge Funds Weigh In On 3EDGE Dynamic Hard Assets ETF

A hedge fund recently bought a new stake in 3EDGE Dynamic Hard Assets ETF stock. Basepoint Wealth LLC bought a new position in shares of 3EDGE Dynamic Hard Assets ETF (NYSEARCA:EDGH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,900 shares of the company’s stock, valued at approximately $119,000. Basepoint Wealth LLC owned 0.08% of 3EDGE Dynamic Hard Assets ETF at the end of the most recent reporting period.

About 3EDGE Dynamic Hard Assets ETF

The 3EDGE Dynamic Hard Assets ETF (EDGH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed asset allocation fund that invests in various hard assets. The fund seeks capital appreciation and limits losses depending on market conditions. EDGH was launched on Oct 3, 2024 and is issued by 3Edge.