Short Interest in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Increases By 428.7%

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 62,668 shares, a growth of 428.7% from the December 31st total of 11,853 shares. Based on an average trading volume of 57,856 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 57,856 shares, the days-to-cover ratio is presently 1.1 days.

3EDGE Dynamic Fixed Income ETF Stock Performance

Shares of NYSEARCA EDGF opened at $24.74 on Friday. 3EDGE Dynamic Fixed Income ETF has a 1-year low of $23.81 and a 1-year high of $27.28. The business has a fifty day moving average price of $24.83 and a 200 day moving average price of $24.88.

3EDGE Dynamic Fixed Income ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $0.3246 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from 3EDGE Dynamic Fixed Income ETF’s previous quarterly dividend of $0.20. This represents a $1.30 annualized dividend and a dividend yield of 5.2%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 3EDGE Dynamic Fixed Income ETF stock. JPMorgan Chase & Co. purchased a new stake in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,068 shares of the company’s stock, valued at approximately $51,000.

About 3EDGE Dynamic Fixed Income ETF

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.