3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) Shares Shorted: Short Interest Up 559.4% in September

3EDGE Dynamic US Equity ETF (NYSEARCA:EDGU) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 12,792 shares, an increase of 559.4% from the September 15th total of 1,940 shares. Based on an average daily volume of 28,338 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

3EDGE Dynamic US Equity ETF Price Performance

Shares of EDGU traded up $0.12 during trading hours on Friday, hitting $31.99. 18,361 shares of the stock were exchanged, compared to its average volume of 45,335. 3EDGE Dynamic US Equity ETF has a fifty-two week low of $27.11 and a fifty-two week high of $32.63. The business has a 50-day moving average of $31.93 and a 200-day moving average of $31.05. The firm has a market capitalization of $101.41 million, a P/E ratio of 24.13 and a beta of 0.93.

3EDGE Dynamic US Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.0213 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%. This is a decrease from 3EDGE Dynamic US Equity ETF’s previous quarterly dividend of $0.0387. The ex-dividend date of this dividend was Tuesday, September 29th.

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.