Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Declines By 36.8%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 42,060 shares, a drop of 36.8% from the June 30th total of 66,578 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 100,649 shares, the short-interest ratio is presently 0.4 days.

US Treasury 2 Year Note ETF Stock Down 0.1%

Shares of NASDAQ UTWO opened at $47.85 on Friday. US Treasury 2 Year Note ETF has a 12 month low of $47.77 and a 12 month high of $48.70. The business has a fifty day simple moving average of $48.00 and a 200-day simple moving average of $48.27.

US Treasury 2 Year Note ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.1588 per share. The ex-dividend date was Tuesday, July 28th. This is a boost from US Treasury 2 Year Note ETF’s previous dividend of $0.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC increased its position in shares of US Treasury 2 Year Note ETF by 27.3% in the second quarter. CoreCap Advisors LLC now owns 16,908 shares of the company’s stock worth $811,000 after acquiring an additional 3,629 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. raised its holdings in shares of US Treasury 2 Year Note ETF by 33.5% during the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 59,113 shares of the company’s stock valued at $2,854,000 after acquiring an additional 14,818 shares during the period. Finally, 49 Wealth Management LLC lifted its position in shares of US Treasury 2 Year Note ETF by 4.2% in the 4th quarter. 49 Wealth Management LLC now owns 158,851 shares of the company’s stock valued at $7,715,000 after acquiring an additional 6,357 shares in the last quarter.

About US Treasury 2 Year Note ETF

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