Short Interest in US Treasury 5 Year Note ETF (NASDAQ:UFIV) Drops By 37.4%

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 5,710 shares, a decrease of 37.4% from the July 15th total of 9,117 shares. Based on an average trading volume of 7,215 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.9% of the company’s stock are short sold.

US Treasury 5 Year Note ETF Stock Performance

Shares of US Treasury 5 Year Note ETF stock traded up $0.01 during midday trading on Wednesday, hitting $48.02. The company had a trading volume of 6,485 shares, compared to its average volume of 7,436. The company has a fifty day simple moving average of $48.12 and a 200 day simple moving average of $48.62. US Treasury 5 Year Note ETF has a 12-month low of $47.72 and a 12-month high of $49.74.

US Treasury 5 Year Note ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 28th were given a dividend of $0.1589 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a c) dividend on an annualized basis and a yield of 4.0%. This is an increase from US Treasury 5 Year Note ETF’s previous monthly dividend of $0.16.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC boosted its position in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,289 shares of the company’s stock after buying an additional 10,536 shares during the period. Janney Montgomery Scott LLC owned approximately 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 as of its most recent filing with the Securities & Exchange Commission.

About US Treasury 5 Year Note ETF

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve. UFIV was launched on Mar 28, 2023 and is managed by US Benchmark Series.