US Treasury 3 Year Note ETF (NASDAQ:UTRE) Sees Large Decrease in Short Interest

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a significant 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 sold short. Based on an average daily volume of 2,287 shares, the days-to-cover ratio is presently 0.4 days.

US Treasury 3 Year Note ETF Trading Up 0.1%

Shares of US Treasury 3 Year Note ETF stock traded up $0.04 on Tuesday, hitting $48.94. 14,603 shares of the company traded hands, compared to its average volume of 3,630. US Treasury 3 Year Note ETF has a 12-month low of $48.76 and a 12-month high of $50.09. The company has a 50-day moving average price of $49.03 and a 200 day moving average price of $49.40.

US Treasury 3 Year Note ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were paid a dividend of $0.1621 per share. This is a boost from US Treasury 3 Year Note ETF’s previous dividend of $0.15. The ex-dividend date of this dividend 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.