3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Short Interest Update

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,565 shares, a drop of 28.6% from the February 12th total of 10,596 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 11,351 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 11,351 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s shares are short sold.

3EDGE Dynamic US Equity ETF Price Performance

Shares of NYSEARCA:EDGU traded down $0.10 during mid-day trading on Friday, hitting $27.94. The company had a trading volume of 7,550 shares, compared to its average volume of 21,415. The firm has a fifty day moving average price of $28.94 and a 200 day moving average price of $28.37. 3EDGE Dynamic US Equity ETF has a one year low of $21.57 and a one year high of $29.40. The company has a market capitalization of $52.81 million, a PE ratio of 24.13 and a beta of 1.10.

3EDGE Dynamic US Equity ETF Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 3EDGE Dynamic US Equity ETF stock. Basepoint Wealth LLC purchased a new position in 3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,836 shares of the company’s stock, valued at approximately $81,000. Basepoint Wealth LLC owned approximately 0.15% of 3EDGE Dynamic US Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.