US Treasury 3 Year Note ETF (NASDAQ:UTRE) Short Interest Update

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 2,300 shares, a decline of 54.9% from the September 30th total of 5,100 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 1.1 days.

US Treasury 3 Year Note ETF Stock Down 0.1 %

Shares of UTRE stock traded down $0.03 on Monday, reaching $49.25. 425 shares of the company were exchanged, compared to its average volume of 3,554. The business has a 50-day moving average price of $49.72 and a 200 day moving average price of $49.13. US Treasury 3 Year Note ETF has a 1 year low of $48.29 and a 1 year high of $50.11.

US Treasury 3 Year Note ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were paid a dividend of $0.143 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.72 annualized dividend and a yield of 3.48%.

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.