Short Interest in 3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) Declines By 54.6%
by Renee Jackson · The Cerbat Gem3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,250 shares, a drop of 54.6% from the April 30th total of 11,571 shares. Based on an average trading volume of 95,557 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are sold short.
3EDGE Dynamic International Equity ETF Trading Up 0.5%
NYSEARCA EDGI traded up $0.15 during trading hours on Tuesday, reaching $31.39. The company’s stock had a trading volume of 15,136 shares, compared to its average volume of 85,028. The business has a 50-day simple moving average of $29.84 and a 200 day simple moving average of $29.43. 3EDGE Dynamic International Equity ETF has a 52 week low of $25.29 and a 52 week high of $31.62. The stock has a market cap of $53.36 million, a PE ratio of 15.94 and a beta of 0.49.
Institutional Investors Weigh In On 3EDGE Dynamic International Equity ETF
A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE bought a new stake in 3EDGE Dynamic International Equity ETF during the third quarter worth approximately $50,000. Basepoint Wealth LLC purchased a new position in 3EDGE Dynamic International Equity ETF during the 4th quarter worth approximately $124,000. Ausdal Financial Partners Inc. purchased a new position in 3EDGE Dynamic International Equity ETF during the 3rd quarter worth approximately $217,000. Diversify Advisory Services LLC purchased a new position in 3EDGE Dynamic International Equity ETF during the 3rd quarter worth approximately $218,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of 3EDGE Dynamic International Equity ETF during the 3rd quarter valued at $251,000.
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.