Short Interest in 3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Increases By 70.9%

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 44,122 shares, a growth of 70.9% from the May 14th total of 25,811 shares. Based on an average daily volume of 97,055 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

3EDGE Dynamic Fixed Income ETF Price Performance

Shares of NYSEARCA:EDGF traded up $0.02 during trading hours on Monday, hitting $24.86. The stock had a trading volume of 86,193 shares, compared to its average volume of 182,555. The stock’s fifty day simple moving average is $24.79 and its 200 day simple moving average is $24.80. 3EDGE Dynamic Fixed Income ETF has a 1-year low of $23.81 and a 1-year high of $27.28.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EDGF. JPMorgan Chase & Co. acquired a new position in shares of 3EDGE Dynamic Fixed Income ETF during the third quarter valued at approximately $51,000. Strategic Blueprint LLC increased its stake in shares of 3EDGE Dynamic Fixed Income ETF by 22.6% during the fourth quarter. Strategic Blueprint LLC now owns 270,182 shares of the company’s stock valued at $6,660,000 after acquiring an additional 49,736 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of 3EDGE Dynamic Fixed Income ETF by 154.6% during the first quarter. Bank of New York Mellon Corp now owns 22,348 shares of the company’s stock valued at $553,000 after acquiring an additional 13,570 shares during the period.

3EDGE Dynamic Fixed Income ETF Company Profile

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.