3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Shares Shorted: Short Interest Down 50.0% in September

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 33,944 shares, a decline of 50.0% from the September 15th total of 67,877 shares. Based on an average daily volume of 95,842 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On 3EDGE Dynamic Fixed Income ETF

A hedge fund recently raised its position in 3EDGE Dynamic Fixed Income ETF stock. Bank of New York Mellon Corp increased its stake in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) by 154.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,348 shares of the company’s stock after purchasing an additional 13,570 shares during the period. Bank of New York Mellon Corp owned 0.11% of 3EDGE Dynamic Fixed Income ETF worth $553,000 as of its most recent SEC filing.

3EDGE Dynamic Fixed Income ETF Price Performance

EDGF traded down $0.01 during trading hours on Friday, reaching $24.41. 95,055 shares of the stock traded hands, compared to its average volume of 159,159. The firm’s fifty day simple moving average is $24.55 and its two-hundred day simple moving average is $24.68. 3EDGE Dynamic Fixed Income ETF has a fifty-two week low of $24.26 and a fifty-two week high of $25.07.

3EDGE Dynamic Fixed Income ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.1968 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 3.2%.

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.