US Treasury 7 Year Note ETF (NASDAQ:USVN) Short Interest Up 259.1% in May

US Treasury 7 Year Note ETF (NASDAQ:USVN) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 79 shares, a growth of 259.1% from the May 14th total of 22 shares. Based on an average trading volume of 2,905 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

US Treasury 7 Year Note ETF Trading Up 0.2%

Shares of USVN traded up $0.10 during midday trading on Thursday, reaching $47.49. 258 shares of the company were exchanged, compared to its average volume of 2,201. The stock has a 50-day moving average price of $47.87 and a 200-day moving average price of $48.39. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.151 per share. This is a boost from US Treasury 7 Year Note ETF’s previous dividend of $0.14. The ex-dividend date was Thursday, May 28th.

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.