US Treasury 2 Year Note ETF (NASDAQ:UTWO) Sees Significant Decline in Short Interest

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 45,300 shares, a decline of 27.1% from the January 31st total of 62,100 shares. Based on an average trading volume of 79,900 shares, the days-to-cover ratio is presently 0.6 days.

US Treasury 2 Year Note ETF Stock Performance

Shares of NASDAQ UTWO traded down $0.04 during trading on Wednesday, hitting $48.28. The stock had a trading volume of 26,246 shares, compared to its average volume of 84,637. The firm has a fifty day moving average of $48.12 and a two-hundred day moving average of $48.28. 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were paid a $0.1604 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

Hedge funds have recently modified their holdings of the company. Crews Bank & Trust bought a new position in shares of US Treasury 2 Year Note ETF in the fourth quarter valued at approximately $177,000. Private Trust Co. NA grew its stake in US Treasury 2 Year Note ETF by 825.0% in the 4th quarter. Private Trust Co. NA now owns 3,700 shares of the company’s stock valued at $178,000 after purchasing an additional 3,300 shares during the period. 49 Wealth Management LLC increased its position in shares of US Treasury 2 Year Note ETF by 19.9% during the 3rd quarter. 49 Wealth Management LLC now owns 76,372 shares of the company’s stock valued at $3,724,000 after purchasing an additional 12,658 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of US Treasury 2 Year Note ETF during the 4th quarter worth $6,564,000. Finally, Wealthquest Corp boosted its holdings in shares of US Treasury 2 Year Note ETF by 3.2% in the 4th quarter. Wealthquest Corp now owns 800,075 shares of the company’s stock worth $38,454,000 after buying an additional 25,010 shares during the last quarter.

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.