Short Interest in US Treasury 7 Year Note ETF (NASDAQ:USVN) Rises By 637.7%

US Treasury 7 Year Note ETF (NASDAQ:USVN) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 568 shares, an increase of 637.7% from the June 15th total of 77 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 597 shares, the short-interest ratio is presently 1.0 days.

US Treasury 7 Year Note ETF Price Performance

NASDAQ USVN remained flat at $47.35 during trading hours on Monday. 4,090 shares of the company were exchanged, compared to its average volume of 2,022. The company’s 50 day simple moving average is $47.61 and its two-hundred day simple moving average is $48.19. US Treasury 7 Year Note ETF has a 1-year low of $47.10 and a 1-year high of $49.29.

US Treasury 7 Year Note ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a $0.1639 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, June 29th.

About US Treasury 7 Year Note ETF

The US Treasury 7 Year Note ETF (USVN) is an exchange-traded fund that is based on the ICE BofA Current 7-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 7-year US Treasury note. The fund is designed for those specifically required to track the 7-year tenor on the yield curve. USVN was launched on Mar 28, 2023 and is managed by F/m Investments.