Short Interest in US Treasury 3 Year Note ETF (NASDAQ:UTRE) Declines By 71.1%

US Treasury 3 Year Note ETF (NASDAQ:UTRE) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,100 shares, a decline of 71.1% from the February 28th total of 3,800 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 0.6 days.

US Treasury 3 Year Note ETF Stock Performance

NASDAQ UTRE opened at $49.35 on Thursday. US Treasury 3 Year Note ETF has a 52-week low of $48.29 and a 52-week high of $50.11. The company has a 50-day simple moving average of $49.13 and a 200 day simple moving average of $49.21.

US Treasury 3 Year Note ETF Increases 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 dividend of $0.169 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from US Treasury 3 Year Note ETF’s previous dividend of $0.16.

US Treasury 3 Year Note ETF Company Profile

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.