Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Expands By 79.4%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 38,400 shares, an increase of 79.4% from the February 28th total of 21,400 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 83,600 shares, the short-interest ratio is currently 0.5 days.

US Treasury 2 Year Note ETF Trading Up 0.2 %

Shares of UTWO stock opened at $48.44 on Friday. US Treasury 2 Year Note ETF has a 1-year low of $47.56 and a 1-year high of $48.86. The firm’s 50-day simple moving average is $48.22 and its 200-day simple moving average is $48.26.

US Treasury 2 Year Note ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1604 per share. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in US Treasury 2 Year Note ETF in the fourth quarter worth $6,564,000. 49 Wealth Management LLC lifted its position in shares of US Treasury 2 Year Note ETF by 76.0% during the 4th quarter. 49 Wealth Management LLC now owns 134,416 shares of the company’s stock valued at $6,460,000 after acquiring an additional 58,044 shares during the last quarter. Wealthquest Corp boosted its position in shares of US Treasury 2 Year Note ETF by 3.2% in the 4th quarter. Wealthquest Corp now owns 800,075 shares of the company’s stock valued at $38,454,000 after purchasing an additional 25,010 shares during the period. Crews Bank & Trust acquired a new stake in US Treasury 2 Year Note ETF during the 4th quarter valued at $177,000. Finally, Private Trust Co. NA grew its position in US Treasury 2 Year Note ETF by 825.0% during the fourth quarter. Private Trust Co. NA now owns 3,700 shares of the company’s stock valued at $178,000 after purchasing an additional 3,300 shares in the last quarter.

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.