Short Interest in US Treasury 7 Year Note ETF (NASDAQ:USVN) Drops By 66.7%

US Treasury 7 Year Note ETF (NASDAQ:USVN) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 100 shares, a decrease of 66.7% from the September 15th total of 300 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.1 days.

US Treasury 7 Year Note ETF Stock Performance

Shares of USVN traded up $0.02 during trading hours on Friday, reaching $48.41. 115 shares of the company’s stock traded hands, compared to its average volume of 956. US Treasury 7 Year Note ETF has a 12 month low of $45.87 and a 12 month high of $49.87. The firm’s 50 day simple moving average is $49.25 and its 200-day simple moving average is $48.05.

US Treasury 7 Year Note ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 3.72%.

US Treasury 7 Year Note ETF Company Profile

The US Treasury 7 Year Note ETF (USVN) is an exchange-traded fund that is based on the ICE BofA Current 7-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 7-year US Treasury note. The fund is designed for those specifically required to track the 7-year tenor on the yield curve.