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

US Treasury 3 Year Note ETF (NASDAQ:UTRE) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 900 shares, a drop of 18.2% from the May 15th total of 1,100 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 0.9 days.

US Treasury 3 Year Note ETF Trading Up 0.0 %

Shares of UTRE stock opened at $48.84 on Monday. The business’s fifty day moving average is $48.54 and its 200 day moving average is $48.93. US Treasury 3 Year Note ETF has a 52-week low of $48.22 and a 52-week high of $49.61.

US Treasury 3 Year Note ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, June 3rd were given a dividend of $0.176 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.11 dividend on an annualized basis and a yield of 4.32%.

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.