Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Expands 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. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 83,600 shares, the days-to-cover ratio is presently 0.5 days.

US Treasury 2 Year Note ETF Stock Performance

UTWO opened at $48.44 on Friday. The firm’s fifty day moving average is $48.22 and its 200 day moving average is $48.26. US Treasury 2 Year Note ETF has a fifty-two week low of $47.56 and a fifty-two week high of $48.86.

US Treasury 2 Year Note ETF Cuts Dividend

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

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

Several hedge funds have recently added to or reduced their stakes in UTWO. Wealthquest Corp lifted its holdings in 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 worth $38,454,000 after buying an additional 25,010 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of US Treasury 2 Year Note ETF in the fourth quarter worth $6,564,000. 49 Wealth Management LLC lifted its holdings in shares of US Treasury 2 Year Note ETF by 76.0% in the 4th quarter. 49 Wealth Management LLC now owns 134,416 shares of the company’s stock valued at $6,460,000 after buying an additional 58,044 shares during the period. Private Trust Co. NA boosted its position 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 worth $178,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of US Treasury 2 Year Note ETF in the fourth quarter worth about $177,000.

About US Treasury 2 Year Note ETF

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.