Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Decreases By 46.6%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 38,700 shares, a drop of 46.6% from the September 30th total of 72,500 shares. Based on an average daily trading volume, of 108,200 shares, the short-interest ratio is presently 0.4 days.

US Treasury 2 Year Note ETF Trading Down 0.0 %

NASDAQ UTWO opened at $48.32 on Friday. The company has a 50 day moving average price of $48.56 and a 200 day moving average price of $48.15. US Treasury 2 Year Note ETF has a 52 week low of $47.56 and a 52 week high of $48.86.

US Treasury 2 Year Note ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.73%.

About US Treasury 2 Year Note ETF

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.