Short Interest in US Treasury 7 Year Note ETF (NASDAQ:USVN) Expands By 1,300.0%

US Treasury 7 Year Note ETF (NASDAQ:USVN) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the February 13th total of 100 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the shares of the stock are short sold.

US Treasury 7 Year Note ETF Stock Up 0.4 %

NASDAQ:USVN opened at $47.93 on Friday. US Treasury 7 Year Note ETF has a twelve month low of $46.36 and a twelve month high of $49.87. The stock’s 50-day simple moving average is $47.24 and its 200 day simple moving average is $47.89.

US Treasury 7 Year Note ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were paid a $0.1696 dividend. The ex-dividend date was Monday, March 3rd.

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.