3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Short Interest Down 56.3% in May

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 8,628 shares, a drop of 56.3% from the May 14th total of 19,753 shares. Based on an average daily trading volume, of 32,349 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On 3EDGE Dynamic US Equity ETF

A hedge fund recently bought a new stake in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC bought a new stake in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

3EDGE Dynamic US Equity ETF Trading Up 2.1%

Shares of NYSEARCA EDGU opened at $31.42 on Friday. 3EDGE Dynamic US Equity ETF has a 12-month low of $25.23 and a 12-month high of $32.13. The firm’s 50-day moving average price is $30.27 and its 200-day moving average price is $29.22. The stock has a market capitalization of $121.60 million, a price-to-earnings ratio of 24.13 and a beta of 0.92.

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.