US Treasury 10 Year Note ETF (NASDAQ:UTEN – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 13,739 shares, a decline of 88.1% from the September 30th total of 114,982 shares. Based on an average daily trading volume, of 234,345 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.
US Treasury 10 Year Note ETF Stock Down 0.4%
Shares of NASDAQ:UTEN traded down $0.17 during trading on Tuesday, hitting $41.41. The stock had a trading volume of 25,105 shares, compared to its average volume of 80,172. The firm’s fifty day moving average is $41.50 and its 200 day moving average is $42.98. US Treasury 10 Year Note ETF has a 12 month low of $40.26 and a 12 month high of $44.87.
Hedge Funds Weigh In On US Treasury 10 Year Note ETF
Several institutional investors and hedge funds have recently modified their holdings of UTEN. Bank of New Hampshire grew its holdings in shares of US Treasury 10 Year Note ETF by 143.3% during the third quarter. Bank of New Hampshire now owns 2,190 shares of the company’s stock valued at $89,000 after buying an additional 1,290 shares during the last quarter. NewEdge Advisors LLC raised its position in 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 during the last quarter. Finally, Sound Income Strategies LLC bought 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.
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