Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Drops By 80.1%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 6,300 shares, a drop of 80.1% from the December 31st total of 31,700 shares. Based on an average trading volume of 84,100 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UTWO. Crews Bank & Trust bought a new stake in shares of US Treasury 2 Year Note ETF in the 4th quarter valued at about $177,000. 49 Wealth Management LLC grew its holdings in US Treasury 2 Year Note ETF by 19.9% during the third 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 period. Janney Montgomery Scott LLC bought a new stake in US Treasury 2 Year Note ETF in the fourth quarter valued at approximately $6,564,000. Finally, Wealthquest Corp raised its holdings in US Treasury 2 Year Note ETF by 3.2% in the fourth quarter. Wealthquest Corp now owns 800,075 shares of the company’s stock worth $38,454,000 after purchasing an additional 25,010 shares during the period.

US Treasury 2 Year Note ETF Stock Performance

Shares of US Treasury 2 Year Note ETF stock traded up $0.03 on Friday, hitting $48.25. 34,680 shares of the company’s stock traded hands, compared to its average volume of 119,539. The firm’s 50-day moving average price is $48.12 and its two-hundred day moving average price is $48.30. US Treasury 2 Year Note ETF has a one year low of $47.56 and a one year high of $48.86.

US Treasury 2 Year Note ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were issued a $0.1637 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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.