US Treasury 5 Year Note ETF (NASDAQ:UFIV) Sees Large Growth in Short Interest

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 20,139 shares, an increase of 188.3% from the September 30th total of 6,986 shares. Based on an average trading volume of 10,714 shares, the short-interest ratio is presently 1.9 days. Approximately 3.7% of the shares of the company are short sold.

Hedge Funds Weigh In On US Treasury 5 Year Note ETF

An institutional investor recently raised its stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC raised its holdings in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,289 shares of the company’s stock after acquiring an additional 10,536 shares during the quarter. Janney Montgomery Scott LLC owned 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.

US Treasury 5 Year Note ETF Stock Performance

Shares of UFIV traded up $0.19 during mid-day trading on Thursday, reaching $47.05. 5,665 shares of the company’s stock traded hands, compared to its average volume of 9,683. The business’s 50-day moving average price is $47.11 and its 200-day moving average price is $48.28. US Treasury 5 Year Note ETF has a 12 month low of $46.40 and a 12 month high of $49.74.

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.