US Treasury 10 Year Note ETF (NASDAQ:UTEN) Sees Large Increase in Short Interest

US Treasury 10 Year Note ETF (NASDAQ:UTEN) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 138,500 shares, an increase of 1,219.0% from the February 13th total of 10,500 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average trading volume of 52,100 shares, the short-interest ratio is currently 2.7 days.

US Treasury 10 Year Note ETF Stock Performance

UTEN opened at $43.48 on Thursday. US Treasury 10 Year Note ETF has a 1-year low of $41.85 and a 1-year high of $46.03. The stock’s fifty day simple moving average is $42.90 and its 200 day simple moving average is $43.72.

US Treasury 10 Year Note ETF Increases 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 $0.1552 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from US Treasury 10 Year Note ETF’s previous dividend of $0.15.

Institutional Investors Weigh In On US Treasury 10 Year Note ETF

A hedge fund recently bought a new stake in US Treasury 10 Year Note ETF stock. Flow Traders U.S. LLC acquired a new position in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,197 shares of the company’s stock, valued at approximately $418,000. Flow Traders U.S. LLC owned 0.26% of US Treasury 10 Year Note ETF at the end of the most recent reporting period.

US Treasury 10 Year Note ETF Company Profile

The US Treasury 10 Year Note ETF (UTEN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 10-year US Treasury note. The fund is designed for those specifically required to track the 10-year tenor on the yield curve.