3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Sees Significant Decline in Short Interest

by · The Markets Daily

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 33,944 shares, a drop of 50.0% from the September 15th total of 67,877 shares. Based on an average trading volume of 95,842 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of 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 lifted its position in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF – Free Report) by 154.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,348 shares of the company’s stock after purchasing an additional 13,570 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.11% of 3EDGE Dynamic Fixed Income ETF worth $553,000 at the end of the most recent quarter.

3EDGE Dynamic Fixed Income ETF Price Performance

EDGF traded up $0.01 on Wednesday, reaching $24.36. The company had a trading volume of 29,570 shares, compared to its average volume of 159,622. 3EDGE Dynamic Fixed Income ETF has a 1 year low of $24.26 and a 1 year high of $25.07. The stock has a 50-day moving average price of $24.56 and a 200-day moving average price of $24.68.

3EDGE Dynamic Fixed Income ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.1968 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.79 annualized dividend and a dividend yield of 3.2%.

About 3EDGE Dynamic Fixed Income ETF

(Get Free Report)

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.

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