Short Interest in US Treasury 10 Year Note ETF (NASDAQ:UTEN) Decreases By 86.8%

US Treasury 10 Year Note ETF (NASDAQ:UTEN) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 18,300 shares, a drop of 86.8% from the February 28th total of 138,500 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 55,800 shares, the days-to-cover ratio is presently 0.3 days.

US Treasury 10 Year Note ETF Price Performance

NASDAQ:UTEN traded down $0.12 during trading hours on Wednesday, hitting $43.44. 39,638 shares of the stock traded hands, compared to its average volume of 46,280. The stock has a 50 day moving average price of $43.15 and a 200 day moving average price of $43.60. US Treasury 10 Year Note ETF has a 1 year low of $41.85 and a 1 year high of $46.03.

US Treasury 10 Year Note ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1552 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from US Treasury 10 Year Note ETF’s previous dividend of $0.15.

Hedge Funds Weigh In On US Treasury 10 Year Note ETF

A hedge fund recently bought a new stake in US Treasury 10 Year Note ETF stock. Flow Traders U.S. LLC bought a new stake in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,197 shares of the company’s stock, valued at approximately $418,000. Flow Traders U.S. LLC owned approximately 0.26% of US Treasury 10 Year Note ETF as of its most recent SEC filing.

About US Treasury 10 Year Note ETF

The US Treasury 10 Year Note ETF (UTEN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 10-year US Treasury note. The fund is designed for those specifically required to track the 10-year tenor on the yield curve.