US Treasury 2 Year Note ETF (NASDAQ:UTWO) Sees Large Growth in Short Interest

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 105,412 shares, an increase of 150.6% from the July 15th total of 42,060 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 77,086 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

A number of institutional investors have recently modified their holdings of the company. 49 Wealth Management LLC raised its position in US Treasury 2 Year Note ETF by 4.2% in the 4th quarter. 49 Wealth Management LLC now owns 158,851 shares of the company’s stock valued at $7,715,000 after buying an additional 6,357 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of US Treasury 2 Year Note ETF by 33.5% during the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 59,113 shares of the company’s stock worth $2,854,000 after purchasing an additional 14,818 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in US Treasury 2 Year Note ETF by 27.3% in the second quarter. CoreCap Advisors LLC now owns 16,908 shares of the company’s stock valued at $811,000 after purchasing an additional 3,629 shares during the last quarter.

US Treasury 2 Year Note ETF Price Performance

Shares of NASDAQ UTWO opened at $48.03 on Friday. US Treasury 2 Year Note ETF has a twelve month low of $47.77 and a twelve month high of $48.70. The firm has a fifty day simple moving average of $47.98 and a 200 day simple moving average of $48.22.

US Treasury 2 Year Note ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 28th were paid a dividend of $0.1588 per share. This is an increase from US Treasury 2 Year Note ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, July 28th.

About US Treasury 2 Year Note ETF

The US Treasury 2 Year Note ETF (UTWO) is an exchange-traded fund that is based on the ICE BofA Current 2 Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve. UTWO was launched on Aug 9, 2022 and is managed by F/m Investments.