US Treasury 5 Year Note ETF (NASDAQ:UFIV) Stock Short Interest Drops 40.9%

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,986 shares, a decrease of 40.9% from the September 15th total of 11,822 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,890 shares, the days-to-cover ratio is currently 0.2 days.

US Treasury 5 Year Note ETF Stock Up 0.1%

NASDAQ:UFIV opened at $46.71 on Thursday. US Treasury 5 Year Note ETF has a twelve month low of $46.40 and a twelve month high of $49.74. The stock’s 50-day simple moving average is $47.30 and its 200 day simple moving average is $48.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC grew its stake in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,289 shares of the company’s stock after purchasing an additional 10,536 shares during the period. Janney Montgomery Scott LLC owned about 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 as of its most recent filing with the Securities and Exchange Commission.

About US Treasury 5 Year Note ETF

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve. UFIV was launched on Mar 28, 2023 and is managed by US Benchmark Series.