3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Significant Growth in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 10,596 shares, a growth of 575.3% from the January 29th total of 1,569 shares. Based on an average daily trading volume, of 14,272 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,272 shares, the short-interest ratio is presently 0.7 days.

3EDGE Dynamic US Equity ETF Stock Performance

3EDGE Dynamic US Equity ETF stock traded down $0.12 during midday trading on Friday, hitting $29.10. 11,438 shares of the company’s stock were exchanged, compared to its average volume of 23,152. The company has a market cap of $55.00 million, a P/E ratio of 24.13 and a beta of 1.10. The stock has a 50-day moving average price of $28.96 and a two-hundred day moving average price of $28.21. 3EDGE Dynamic US Equity ETF has a 52-week low of $21.57 and a 52-week high of $29.40.

3EDGE Dynamic US Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.1028 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.02.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC acquired a new stake in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,836 shares of the company’s stock, valued at approximately $81,000. Basepoint Wealth LLC owned 0.15% of 3EDGE Dynamic US Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.