US Treasury 3 Year Note ETF (NASDAQ:UTRE) Sees Significant Decline in Short Interest

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 5,699 shares, a decrease of 47.0% from the September 15th total of 10,750 shares. Based on an average trading volume of 8,459 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.6% of the company’s stock are short sold.

US Treasury 3 Year Note ETF Stock Performance

US Treasury 3 Year Note ETF stock opened at $48.02 on Wednesday. US Treasury 3 Year Note ETF has a fifty-two week low of $47.90 and a fifty-two week high of $50.09. The firm’s 50-day simple moving average is $48.55 and its 200 day simple moving average is $48.98.

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.