Short Interest in US Treasury 3 Year Note ETF (NASDAQ:UTRE) Grows By 862.5%

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 9,981 shares, a growth of 862.5% from the August 15th total of 1,037 shares. Based on an average daily volume of 10,149 shares, the days-to-cover ratio is currently 1.0 days. Currently, 5.3% of the shares of the stock are short sold.

US Treasury 3 Year Note ETF Trading Down 0.4%

Shares of US Treasury 3 Year Note ETF stock traded down $0.18 during trading on Thursday, hitting $48.46. 400 shares of the company were exchanged, compared to its average volume of 4,072. US Treasury 3 Year Note ETF has a fifty-two week low of $48.46 and a fifty-two week high of $50.09. The firm has a 50 day moving average price of $48.91 and a 200 day moving average price of $49.23.

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. UTRE was launched on Mar 28, 2023 and is managed by US Benchmark Series.