US Treasury 3 Year Note ETF (NASDAQ:UTRE) Short Interest Up 862.5% in August

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 9,981 shares, an increase of 862.5% from the August 15th total of 1,037 shares. Currently, 5.3% of the company’s stock are sold short. Based on an average daily volume of 10,149 shares, the short-interest ratio is currently 1.0 days.

US Treasury 3 Year Note ETF Stock Performance

Shares of UTRE stock opened at $48.39 on Friday. US Treasury 3 Year Note ETF has a 1-year low of $48.39 and a 1-year high of $50.09. The stock’s fifty day moving average price is $48.90 and its 200 day moving average price is $49.23.

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.