US Treasury 10 Year Note ETF (NASDAQ:UTEN) Sees Large Increase in Short Interest

US Treasury 10 Year Note ETF (NASDAQ:UTEN) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 114,982 shares, a growth of 697.0% from the September 15th total of 14,426 shares. Based on an average daily volume of 129,572 shares, the short-interest ratio is currently 0.9 days. Approximately 1.7% of the shares of the stock are sold short.

US Treasury 10 Year Note ETF Stock Down 0.0%

Shares of UTEN stock opened at $40.68 on Friday. The stock has a fifty day moving average price of $41.77 and a 200 day moving average price of $42.69. US Treasury 10 Year Note ETF has a 1 year low of $40.26 and a 1 year high of $44.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in shares of US Treasury 10 Year Note ETF by 5.1% in the 2nd quarter. NewEdge Advisors LLC now owns 36,720 shares of the company’s stock worth $1,586,000 after buying an additional 1,795 shares in the last quarter. Bank of New Hampshire grew its stake in US Treasury 10 Year Note ETF by 143.3% in the 3rd quarter. Bank of New Hampshire now owns 2,190 shares of the company’s stock valued at $89,000 after acquiring an additional 1,290 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in US Treasury 10 Year Note ETF during the 1st quarter valued at about $28,000.

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. UTEN was launched on Aug 9, 2022 and is managed by F/m Investments.