Short Interest in US Treasury 3 Year Note ETF (NASDAQ:UTRE) Drops By 91.3%

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 808 shares, a decrease of 91.3% from the July 15th total of 9,236 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 2,287 shares, the days-to-cover ratio is currently 0.4 days.

US Treasury 3 Year Note ETF Trading Up 0.1%

Shares of NASDAQ:UTRE traded up $0.07 during midday trading on Thursday, reaching $49.04. 640 shares of the company’s stock traded hands, compared to its average volume of 3,591. US Treasury 3 Year Note ETF has a one year low of $48.76 and a one year high of $50.09. The stock has a 50 day moving average of $49.02 and a 200 day moving average of $49.38.

US Treasury 3 Year Note ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 28th were given a dividend of $0.1621 per share. This is a positive change from US Treasury 3 Year Note ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, July 28th.

US Treasury 3 Year Note ETF Company Profile

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.