3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Short Interest Up 63.0% in May

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 25,811 shares, a growth of 63.0% from the April 30th total of 15,835 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 330,007 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On 3EDGE Dynamic Fixed Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Blueprint LLC increased its position in 3EDGE Dynamic Fixed Income ETF by 22.6% during the fourth quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock worth $6,660,000 after purchasing an additional 49,736 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in 3EDGE Dynamic Fixed Income ETF during the third quarter worth about $51,000. Finally, Bank of New York Mellon Corp increased its position in 3EDGE Dynamic Fixed Income ETF by 154.6% during the first quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock worth $553,000 after purchasing an additional 13,570 shares during the last quarter.

3EDGE Dynamic Fixed Income ETF Price Performance

Shares of NYSEARCA EDGF remained flat at $24.83 during mid-day trading on Thursday. 5,153 shares of the stock were exchanged, compared to its average volume of 189,463. The business has a fifty day simple moving average of $24.78 and a 200-day simple moving average of $24.80. 3EDGE Dynamic Fixed Income ETF has a 1-year low of $23.81 and a 1-year high of $27.28.

About 3EDGE Dynamic Fixed Income ETF

The 3EDGE Dynamic Fixed Income ETF (EDGF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that broadly invests in fixed income securities of various maturities and credit quality. The fund dynamically shifts across various debt securities depending on market conditions. EDGF was launched on Oct 3, 2024 and is issued by 3Edge.