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

US Treasury 10 Year Note ETF (NASDAQ:UTEN) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 24,415 shares, a decline of 53.3% from the June 30th total of 52,306 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 53,316 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On US Treasury 10 Year Note ETF

Several hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC bought a new position in shares of US Treasury 10 Year Note ETF during the first quarter valued at $28,000. JPMorgan Chase & Co. raised its position in US Treasury 10 Year Note ETF by 67.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the company’s stock worth $37,000 after purchasing an additional 341 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in US Treasury 10 Year Note ETF by 5.0% during the 4th quarter. NewEdge Advisors LLC now owns 36,585 shares of the company’s stock worth $1,612,000 after buying an additional 1,743 shares during the period.

US Treasury 10 Year Note ETF Trading Down 0.5%

Shares of US Treasury 10 Year Note ETF stock traded down $0.23 during midday trading on Wednesday, hitting $42.40. 35,749 shares of the company traded hands, compared to its average volume of 61,128. The firm’s fifty day moving average price is $43.00 and its 200-day moving average price is $43.55. US Treasury 10 Year Note ETF has a 12 month low of $42.39 and a 12 month high of $44.89.

US Treasury 10 Year Note ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 28th will be given a dividend of $0.151 per share. The ex-dividend date is Tuesday, July 28th. This is an increase from US Treasury 10 Year Note ETF’s previous dividend of $0.15.

US Treasury 10 Year Note ETF Company Profile

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.