3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Short Interest Update

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 10,637 shares, a growth of 266.5% from the December 15th total of 2,902 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 21,177 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 21,177 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On 3EDGE Dynamic International Equity ETF

Several hedge funds have recently added to or reduced their stakes in EDGI. Sowell Financial Services LLC purchased a new stake in shares of 3EDGE Dynamic International Equity ETF during the 2nd quarter worth approximately $319,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in 3EDGE Dynamic International Equity ETF during the 2nd quarter worth $113,000. Strategic Blueprint LLC lifted its position in 3EDGE Dynamic International Equity ETF by 201.0% in the second quarter. Strategic Blueprint LLC now owns 57,834 shares of the company’s stock valued at $1,507,000 after acquiring an additional 38,619 shares during the last quarter. 3EDGE Asset Management LP lifted its position in 3EDGE Dynamic International Equity ETF by 122.5% in the second quarter. 3EDGE Asset Management LP now owns 154,455 shares of the company’s stock valued at $4,024,000 after acquiring an additional 85,025 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in 3EDGE Dynamic International Equity ETF by 235.1% in the second quarter. Envestnet Asset Management Inc. now owns 68,723 shares of the company’s stock valued at $1,790,000 after acquiring an additional 48,217 shares in the last quarter.

3EDGE Dynamic International Equity ETF Stock Performance

NYSEARCA EDGI traded up $0.10 during trading on Wednesday, reaching $29.43. 42,425 shares of the company’s stock were exchanged, compared to its average volume of 23,614. The company has a 50 day moving average price of $28.35 and a two-hundred day moving average price of $27.49. The stock has a market cap of $172.75 million, a P/E ratio of 15.94 and a beta of 1.10. 3EDGE Dynamic International Equity ETF has a 1 year low of $21.17 and a 1 year high of $29.55.

3EDGE Dynamic International Equity ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 246.0%.

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.