US Treasury 3 Year Note ETF (NASDAQ:UTRE) Stock Short Interest Falls 47.0%

US Treasury 3 Year Note ETF (NASDAQ:UTRE) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,699 shares, a decline of 47.0% from the September 15th total of 10,750 shares. Based on an average daily volume of 8,459 shares, the short-interest ratio is presently 0.7 days. Currently, 2.6% of the shares of the company are sold short.

US Treasury 3 Year Note ETF Trading Up 0.2%

Shares of NASDAQ:UTRE traded up $0.12 during trading on Thursday, hitting $48.27. 5,746 shares of the company were exchanged, compared to its average volume of 4,995. US Treasury 3 Year Note ETF has a 52-week low of $47.90 and a 52-week high of $50.09. The stock has a 50 day moving average of $48.53 and a 200 day moving average of $48.97.

About US Treasury 3 Year Note ETF

The US Treasury 3 Year Note ETF (UTRE) is an exchange-traded fund that is based on the ICE BofA Current 3-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 3-year US Treasury note. The fund is designed for those specifically required to track the 3-year tenor on the yield curve. UTRE was launched on Mar 28, 2023 and is managed by US Benchmark Series.