3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Sees Large Drop in Short Interest

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,996 shares, a drop of 58.1% from the November 30th total of 9,548 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 7,541 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 7,541 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

3EDGE Dynamic US Equity ETF Price Performance

EDGU opened at $28.97 on Friday. The firm has a fifty day moving average price of $28.37 and a 200 day moving average price of $27.29. 3EDGE Dynamic US Equity ETF has a 1 year low of $21.57 and a 1 year high of $29.05. The stock has a market cap of $46.64 million, a P/E ratio of 24.13 and a beta of 1.10.

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.