Short Interest in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Increases By 52.9%

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 11,567 shares, a growth of 52.9% from the February 26th total of 7,565 shares. Based on an average daily volume of 14,691 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

3EDGE Dynamic US Equity ETF Stock Down 1.2%

Shares of NYSEARCA:EDGU traded down $0.32 during trading on Friday, reaching $27.40. The stock had a trading volume of 8,012 shares, compared to its average volume of 20,614. The business has a fifty day moving average price of $28.73 and a 200-day moving average price of $28.45. The stock has a market cap of $51.79 million, a P/E ratio of 24.13 and a beta of 1.10. 3EDGE Dynamic US Equity ETF has a fifty-two week low of $21.57 and a fifty-two week high of $29.40.

3EDGE Dynamic US Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.1028 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.5%. This is a positive change from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, December 30th.

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 position in shares of 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent quarter.

3EDGE Dynamic US Equity ETF Company Profile

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.