US Treasury 3 Year Note ETF (NASDAQ:UTRE) Short Interest Down 85.7% in May

US Treasury 3 Year Note ETF (NASDAQ:UTRE) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 200 shares, a decrease of 85.7% from the April 30th total of 1,400 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 0.1 days.

US Treasury 3 Year Note ETF Trading Down 0.1%

UTRE opened at $49.42 on Thursday. The stock has a 50-day moving average of $49.51 and a 200-day moving average of $49.20. US Treasury 3 Year Note ETF has a 52-week low of $48.47 and a 52-week high of $50.11.

US Treasury 3 Year Note ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, May 1st were paid a dividend of $0.1522 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Thursday, May 1st. This is an increase from US Treasury 3 Year Note ETF’s previous monthly dividend of $0.14.

About US Treasury 3 Year Note ETF

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.