Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Decreases By 80.9%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 6,700 shares, a drop of 80.9% from the October 31st total of 35,100 shares. Based on an average trading volume of 105,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On US Treasury 2 Year Note ETF

A hedge fund recently raised its stake in US Treasury 2 Year Note ETF stock. 49 Wealth Management LLC increased its stake in US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 19.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,372 shares of the company’s stock after buying an additional 12,658 shares during the period. US Treasury 2 Year Note ETF accounts for about 0.6% of 49 Wealth Management LLC’s holdings, making the stock its 28th largest holding. 49 Wealth Management LLC owned 0.79% of US Treasury 2 Year Note ETF worth $3,724,000 as of its most recent filing with the Securities & Exchange Commission.

US Treasury 2 Year Note ETF Stock Performance

NASDAQ:UTWO traded up $0.04 during trading hours on Wednesday, reaching $48.21. The stock had a trading volume of 6,133 shares, compared to its average volume of 85,624. The stock has a 50 day simple moving average of $48.36 and a 200 day simple moving average of $48.22. US Treasury 2 Year Note ETF has a 12-month low of $47.56 and a 12-month high of $48.86.

US Treasury 2 Year Note ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1348 per share. This represents a $1.62 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Friday, November 1st.

US Treasury 2 Year Note ETF Company Profile

The US Treasury 2 Year Note ETF (UTWO) is an exchange-traded fund that is based on the ICE BofA Current 2 Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve.