US Treasury 3 Year Note ETF (NASDAQ:UTRE) Sees Large Decrease in Short Interest

US Treasury 3 Year Note ETF (NASDAQ:UTREGet Free Report) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,200 shares, a drop of 47.8% from the October 15th total of 2,300 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 0.7 days.

US Treasury 3 Year Note ETF Price Performance

US Treasury 3 Year Note ETF stock traded down $0.07 during mid-day trading on Friday, reaching $48.89. 5,452 shares of the company were exchanged, compared to its average volume of 3,431. The company has a fifty day simple moving average of $49.54 and a 200-day simple moving average of $49.18. US Treasury 3 Year Note ETF has a 12 month low of $48.29 and a 12 month high of $50.11.

US Treasury 3 Year Note ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were paid a $0.1421 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.71 dividend on an annualized basis and a yield of 3.49%.

US Treasury 3 Year Note ETF Company Profile

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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.

Further Reading

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