US Treasury 5 Year Note ETF (NASDAQ:UFIV) Stock Short Interest Drops 40.9%

US Treasury 5 Year Note ETF (NASDAQ:UFIV) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,986 shares, a decrease of 40.9% from the September 15th total of 11,822 shares. Based on an average trading volume of 35,890 shares, the short-interest ratio is currently 0.2 days. Currently, 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On US Treasury 5 Year Note ETF

A hedge fund recently raised its stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC raised its holdings in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,289 shares of the company’s stock after purchasing an additional 10,536 shares during the quarter. Janney Montgomery Scott LLC owned 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 as of its most recent SEC filing.

US Treasury 5 Year Note ETF Trading Up 0.1%

NASDAQ UFIV opened at $46.71 on Thursday. The firm’s 50 day simple moving average is $47.30 and its 200 day simple moving average is $48.01. US Treasury 5 Year Note ETF has a 1 year low of $46.40 and a 1 year high of $49.74.

About US Treasury 5 Year Note ETF

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve. UFIV was launched on Mar 28, 2023 and is managed by US Benchmark Series.