US Treasury 3 Year Note ETF (NASDAQ:UTRE) Sees Significant Growth in Short Interest

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 2,100 shares, a growth of 90.9% from the March 15th total of 1,100 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 3,000 shares, the short-interest ratio is presently 0.7 days.

US Treasury 3 Year Note ETF Trading Down 0.0 %

NASDAQ:UTRE traded down $0.01 during trading hours on Friday, reaching $49.63. 6,534 shares of the stock were exchanged, compared to its average volume of 2,874. The firm has a 50 day simple moving average of $49.33 and a 200-day simple moving average of $49.16. US Treasury 3 Year Note ETF has a 52 week low of $48.29 and a 52 week high of $50.11.

US Treasury 3 Year Note ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, April 1st were given a dividend of $0.1647 per share. The ex-dividend date of this dividend was Tuesday, April 1st.

About US Treasury 3 Year Note ETF

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.