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

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 174 shares, a growth of ∞ from the May 31st total of 0 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,050 shares, the days-to-cover ratio is presently 0.2 days.

US Treasury 3 Year Note ETF Trading Down 0.2%

UTRE stock traded down $0.09 on Tuesday, reaching $49.03. 1,119 shares of the company’s stock were exchanged, compared to its average volume of 3,568. The stock has a fifty day moving average of $49.24 and a 200-day moving average of $49.59. US Treasury 3 Year Note ETF has a twelve month low of $48.97 and a twelve month high of $50.09.

US Treasury 3 Year Note ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th will be paid a dividend of $0.1486 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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. UTRE was launched on Mar 28, 2023 and is managed by US Benchmark Series.