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

3EDGE Dynamic International Equity ETF (NYSEARCA:EDGI) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,902 shares, a decrease of 78.6% from the November 30th total of 13,539 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 28,347 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 28,347 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

3EDGE Dynamic International Equity ETF Stock Up 0.0%

Shares of EDGI traded up $0.01 during mid-day trading on Thursday, hitting $28.75. 18,488 shares of the company’s stock traded hands, compared to its average volume of 38,840. 3EDGE Dynamic International Equity ETF has a 1 year low of $21.17 and a 1 year high of $28.78. The firm has a market capitalization of $131.68 million, a P/E ratio of 15.94 and a beta of 1.10. The business’s 50-day moving average price is $28.09 and its 200-day moving average price is $27.15.

Institutional Investors Weigh In On 3EDGE Dynamic International Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of EDGI. Atria Investments Inc purchased a new position in shares of 3EDGE Dynamic International Equity ETF during the 2nd quarter worth approximately $319,000. Envestnet Asset Management Inc. boosted its position in shares of 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 valued at $1,790,000 after purchasing an additional 48,217 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in 3EDGE Dynamic International Equity ETF by 269.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,610,459 shares of the company’s stock worth $41,957,000 after purchasing an additional 1,174,364 shares during the period. Osaic Holdings Inc. grew its stake in 3EDGE Dynamic International Equity ETF by 233,379.1% in the second quarter. Osaic Holdings Inc. now owns 861,538 shares of the company’s stock worth $22,445,000 after purchasing an additional 861,169 shares during the period. Finally, Sowell Financial Services LLC bought a new position in 3EDGE Dynamic International Equity ETF in the second quarter worth $319,000.

3EDGE Dynamic International Equity ETF Company Profile

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.