3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) Short Interest Up 166.7% in June

3EDGE Dynamic Fixed Income ETF (NYSEARCA:EDGF) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 37,337 shares, a growth of 166.7% from the June 15th total of 13,999 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 76,227 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EDGF. JPMorgan Chase & Co. bought a new stake in shares of 3EDGE Dynamic Fixed Income ETF during the 3rd quarter worth $51,000. Bank of New York Mellon Corp increased its stake in 3EDGE Dynamic Fixed Income ETF by 154.6% in 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 last quarter. Finally, Strategic Blueprint LLC increased its stake in 3EDGE Dynamic Fixed Income ETF by 22.6% in 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 last quarter.

3EDGE Dynamic Fixed Income ETF Trading Down 0.1%

NYSEARCA:EDGF opened at $24.61 on Tuesday. 3EDGE Dynamic Fixed Income ETF has a 52-week low of $23.81 and a 52-week high of $27.28. The business’s fifty day moving average is $24.78 and its 200 day moving average is $24.76.

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.