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

by · The Markets Daily

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI – Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 2,902 shares, a drop of 78.6% from the November 30th total of 13,539 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 28,347 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 28,347 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On 3EDGE Dynamic International Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EDGI. Sowell Financial Services LLC bought a new position in shares of 3EDGE Dynamic International Equity ETF in the second quarter valued at $319,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of 3EDGE Dynamic International Equity ETF in the 2nd quarter valued at about $113,000. Strategic Blueprint LLC raised its holdings in shares of 3EDGE Dynamic International Equity ETF by 201.0% in the 2nd quarter. Strategic Blueprint LLC now owns 57,834 shares of the company’s stock valued at $1,507,000 after purchasing an additional 38,619 shares during the period. 3EDGE Asset Management LP lifted its stake in 3EDGE Dynamic International Equity ETF by 122.5% in the 2nd quarter. 3EDGE Asset Management LP now owns 154,455 shares of the company’s stock valued at $4,024,000 after purchasing an additional 85,025 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in 3EDGE Dynamic International Equity ETF by 235.1% during the second quarter. Envestnet Asset Management Inc. now owns 68,723 shares of the company’s stock worth $1,790,000 after purchasing an additional 48,217 shares during the period.

3EDGE Dynamic International Equity ETF Stock Performance

NYSEARCA EDGI traded up $0.10 during trading hours on Friday, reaching $28.85. 16,408 shares of the company’s stock were exchanged, compared to its average volume of 38,749. The company has a market capitalization of $132.13 million, a price-to-earnings ratio of 15.94 and a beta of 1.10. The company’s 50-day moving average is $28.12 and its two-hundred day moving average is $27.19. 3EDGE Dynamic International Equity ETF has a one year low of $21.17 and a one year high of $28.85.

3EDGE Dynamic International Equity ETF Company Profile

(Get Free Report)

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.

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