Short Interest in 3EDGE Dynamic Hard Assets ETF (NYSEARCA:EDGH) Declines By 36.8%

3EDGE Dynamic Hard Assets ETF (NYSEARCA:EDGH) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 11,035 shares, a decrease of 36.8% from the April 30th total of 17,468 shares. Based on an average daily volume of 91,821 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of 3EDGE Dynamic Hard Assets ETF

A hedge fund recently bought a new stake in 3EDGE Dynamic Hard Assets ETF stock. Basepoint Wealth LLC purchased a new stake in 3EDGE Dynamic Hard Assets ETF (NYSEARCA:EDGH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,900 shares of the company’s stock, valued at approximately $119,000. Basepoint Wealth LLC owned about 0.08% of 3EDGE Dynamic Hard Assets ETF at the end of the most recent quarter.

3EDGE Dynamic Hard Assets ETF Stock Performance

Shares of NYSEARCA EDGH opened at $34.22 on Thursday. 3EDGE Dynamic Hard Assets ETF has a 52-week low of $26.12 and a 52-week high of $35.94. The firm’s fifty day moving average is $34.56 and its two-hundred day moving average is $32.97.

About 3EDGE Dynamic Hard Assets ETF

The 3EDGE Dynamic Hard Assets ETF (EDGH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed asset allocation fund that invests in various hard assets. The fund seeks capital appreciation and limits losses depending on market conditions. EDGH was launched on Oct 3, 2024 and is issued by 3Edge.