US Treasury 2 Year Note ETF (NASDAQ:UTWO) Sees Significant Decrease in Short Interest

US Treasury 2 Year Note ETF (NASDAQ:UTWO) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 42,060 shares, a decline of 36.8% from the June 30th total of 66,578 shares. Based on an average trading volume of 100,649 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC increased its holdings 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 buying an additional 3,629 shares during the last quarter. 49 Wealth Management LLC raised its stake in US Treasury 2 Year Note ETF by 4.2% in the fourth 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 in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its holdings in 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 buying an additional 14,818 shares during the last quarter.

US Treasury 2 Year Note ETF Trading Up 0.1%

NASDAQ UTWO opened at $47.86 on Thursday. US Treasury 2 Year Note ETF has a 52 week low of $47.77 and a 52 week high of $48.70. The firm has a 50 day moving average of $48.01 and a two-hundred day moving average of $48.27.

US Treasury 2 Year Note ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were given 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.

US Treasury 2 Year Note ETF Company Profile

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.