US Treasury 7 Year Note ETF (NASDAQ:USVN) Short Interest Update

US Treasury 7 Year Note ETF (NASDAQ:USVN) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 197 shares, a decline of 83.4% from the July 15th total of 1,189 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 472 shares, the days-to-cover ratio is presently 0.4 days.

US Treasury 7 Year Note ETF Trading Up 0.2%

USVN stock traded up $0.10 during midday trading on Wednesday, reaching $47.14. 360 shares of the company’s stock traded hands, compared to its average volume of 1,796. The company has a 50-day simple moving average of $47.39 and a two-hundred day simple moving average of $47.96. US Treasury 7 Year Note ETF has a 1-year low of $46.90 and a 1-year high of $49.29.

US Treasury 7 Year Note ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were issued a dividend of $0.1648 per share. The ex-dividend date was Tuesday, July 28th. This is a boost from US Treasury 7 Year Note ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 4.2%.

US Treasury 7 Year Note ETF Company Profile

The US Treasury 7 Year Note ETF (USVN) is an exchange-traded fund that is based on the ICE BofA Current 7-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 7-year US Treasury note. The fund is designed for those specifically required to track the 7-year tenor on the yield curve. USVN was launched on Mar 28, 2023 and is managed by F/m Investments.