US Treasury 3 Year Note ETF (NASDAQ:UTRE) Sees Significant Increase in Short Interest

US Treasury 3 Year Note ETF (NASDAQ:UTRE) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,100 shares, an increase of 90.9% from the March 15th total of 1,100 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 0.7 days.

US Treasury 3 Year Note ETF Stock Down 0.0 %

Shares of UTRE traded down $0.01 during trading hours on Friday, reaching $49.63. 6,534 shares of the company traded hands, compared to its average volume of 2,874. The stock has a fifty day simple moving average of $49.33 and a 200 day simple moving average of $49.16. US Treasury 3 Year Note ETF has a fifty-two week low of $48.29 and a fifty-two week high of $50.11.

US Treasury 3 Year Note ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st were given a $0.1647 dividend. The ex-dividend date of this dividend was Tuesday, April 1st.

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.