Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Rises By 79.4%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 38,400 shares, an increase of 79.4% from the February 28th total of 21,400 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 83,600 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

Several institutional investors have recently bought and sold shares of UTWO. Janney Montgomery Scott LLC acquired a new position in US Treasury 2 Year Note ETF during the fourth quarter worth $6,564,000. Private Trust Co. NA lifted 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 buying an additional 3,300 shares in the last quarter. Wealthquest Corp boosted its stake in shares of US Treasury 2 Year Note ETF by 3.2% during the fourth quarter. Wealthquest Corp now owns 800,075 shares of the company’s stock valued at $38,454,000 after acquiring an additional 25,010 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of US Treasury 2 Year Note ETF in the fourth quarter valued at approximately $177,000. Finally, 49 Wealth Management LLC increased its stake in US Treasury 2 Year Note ETF by 76.0% in the fourth quarter. 49 Wealth Management LLC now owns 134,416 shares of the company’s stock valued at $6,460,000 after purchasing an additional 58,044 shares during the last quarter.

US Treasury 2 Year Note ETF Trading Up 0.2 %

Shares of UTWO stock opened at $48.44 on Friday. US Treasury 2 Year Note ETF has a 12 month low of $47.56 and a 12 month high of $48.86. The firm has a fifty day moving average price of $48.22 and a 200 day moving average price of $48.26.

US Treasury 2 Year Note ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were paid a dividend of $0.1604 per share. The ex-dividend date was Monday, March 3rd.

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.