Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Grows By 150.6%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 105,412 shares, a growth of 150.6% from the July 15th total of 42,060 shares. Based on an average daily volume of 77,086 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the company’s shares are sold short.

US Treasury 2 Year Note ETF Price Performance

Shares of US Treasury 2 Year Note ETF stock remained flat at $48.01 during trading on Friday. The company had a trading volume of 42,040 shares, compared to its average volume of 87,078. The business’s fifty day simple moving average is $47.98 and its 200-day simple moving average is $48.22. US Treasury 2 Year Note ETF has a twelve month low of $47.77 and a twelve month high of $48.70.

US Treasury 2 Year Note ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.1588 per share. This is an increase from US Treasury 2 Year Note ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, July 28th.

Institutional Trading of US Treasury 2 Year Note ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC raised its position in shares of US Treasury 2 Year Note ETF by 27.3% in the 2nd quarter. CoreCap Advisors LLC now owns 16,908 shares of the company’s stock valued at $811,000 after acquiring an additional 3,629 shares during the period. Marshall & Sterling Wealth Advisors Inc. grew its holdings in US Treasury 2 Year Note ETF by 33.5% during the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 59,113 shares of the company’s stock valued at $2,854,000 after purchasing an additional 14,818 shares during the period. Finally, 49 Wealth Management LLC increased its stake in US Treasury 2 Year Note ETF by 4.2% in the fourth quarter. 49 Wealth Management LLC now owns 158,851 shares of the company’s stock valued at $7,715,000 after purchasing an additional 6,357 shares in the last quarter.

US Treasury 2 Year Note ETF Company Profile

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. UTWO was launched on Aug 9, 2022 and is managed by F/m Investments.