3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Sees Significant Drop in Short Interest

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 808 shares, a drop of 92.0% from the August 31st total of 10,147 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 58,165 shares, the short-interest ratio is presently 0.0 days.

3EDGE Dynamic International Equity ETF Stock Performance

NYSEARCA:EDGI traded down $0.20 during mid-day trading on Thursday, hitting $31.45. 17,048 shares of the stock were exchanged, compared to its average volume of 64,072. The firm’s 50-day simple moving average is $31.55 and its 200 day simple moving average is $30.64. The stock has a market capitalization of $118.57 million, a price-to-earnings ratio of 15.94 and a beta of 0.52. 3EDGE Dynamic International Equity ETF has a fifty-two week low of $27.07 and a fifty-two week high of $32.44.

3EDGE Dynamic International Equity ETF Announces Dividend

The company also recently announced a semiannual dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a dividend of $0.0764 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a dividend yield of 50.0%.

Hedge Funds Weigh In On 3EDGE Dynamic International Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. AMG Asset Management Group Inc. acquired a new stake in 3EDGE Dynamic International Equity ETF in the 4th quarter worth about $803,000. Potomac Fund Management Inc. ADV grew its position in shares of 3EDGE Dynamic International Equity ETF by 15.4% during the 4th quarter. Potomac Fund Management Inc. ADV now owns 194,314 shares of the company’s stock worth $5,515,000 after purchasing an additional 25,995 shares in the last quarter. Pacific Financial Group Inc. acquired a new position in shares of 3EDGE Dynamic International Equity ETF during the 4th quarter worth approximately $290,000. Basepoint Wealth LLC bought a new position in shares of 3EDGE Dynamic International Equity ETF during the fourth quarter worth approximately $124,000. Finally, Coldstream Capital Management Inc. increased its holdings in shares of 3EDGE Dynamic International Equity ETF by 9.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 9,910 shares of the company’s stock worth $281,000 after purchasing an additional 866 shares during the period.

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.