3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Sees Large Increase in Short Interest

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 25,811 shares, a growth of 63.0% from the April 30th total of 15,835 shares. Based on an average daily volume of 330,007 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

3EDGE Dynamic Fixed Income ETF Trading Down 0.0%

Shares of NYSEARCA EDGF opened at $24.82 on Friday. 3EDGE Dynamic Fixed Income ETF has a 52 week low of $23.81 and a 52 week high of $27.28. The firm has a 50-day moving average price of $24.78 and a 200 day moving average price of $24.80.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EDGF. JPMorgan Chase & Co. acquired a new stake in 3EDGE Dynamic Fixed Income ETF in the 3rd quarter valued at about $51,000. Bank of New York Mellon Corp raised its position in 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 worth $553,000 after acquiring an additional 13,570 shares during the last quarter. Finally, Strategic Blueprint LLC raised its position in 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 worth $6,660,000 after acquiring an additional 49,736 shares during the last quarter.

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.