Short Interest in US Treasury 5 Year Note ETF (NASDAQ:UFIV) Decreases By 67.2%

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 6,200 shares, a drop of 67.2% from the March 15th total of 18,900 shares. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On US Treasury 5 Year Note ETF

An institutional investor recently bought a new position in US Treasury 5 Year Note ETF stock. Huntington National Bank bought a new stake in shares of US Treasury 5 Year Note ETF (NASDAQ:UFIV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,943 shares of the company’s stock, valued at approximately $93,000. Huntington National Bank owned 0.21% of US Treasury 5 Year Note ETF as of its most recent SEC filing.

US Treasury 5 Year Note ETF Stock Performance

NASDAQ:UFIV opened at $48.91 on Thursday. US Treasury 5 Year Note ETF has a 1-year low of $47.32 and a 1-year high of $50.02. The stock’s 50-day moving average is $48.53 and its 200-day moving average is $48.36.

US Treasury 5 Year Note ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, April 1st were paid a $0.1569 dividend. The ex-dividend date of this dividend was Tuesday, April 1st.

About US Treasury 5 Year Note ETF

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve.