Short Interest in US Treasury 3 Year Note ETF (NASDAQ:UTRE) Drops By 91.3%

US Treasury 3 Year Note ETF (NASDAQ:UTRE) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 808 shares, a decline of 91.3% from the July 15th total of 9,236 shares. Based on an average trading volume of 2,287 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

US Treasury 3 Year Note ETF Price Performance

Shares of UTRE traded up $0.08 during trading hours on Wednesday, reaching $49.00. The stock had a trading volume of 566 shares, compared to its average volume of 3,610. US Treasury 3 Year Note ETF has a 12 month low of $48.76 and a 12 month high of $50.09. The firm has a 50-day simple moving average of $49.02 and a 200 day simple moving average of $49.39.

US Treasury 3 Year Note ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 28th were issued a $0.1621 dividend. This is an increase from US Treasury 3 Year Note ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, July 28th.

About US Treasury 3 Year Note ETF

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.