US Treasury 5 Year Note ETF (NASDAQ:UFIV) Short Interest Down 37.4% in July

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,710 shares, a drop of 37.4% from the July 15th total of 9,117 shares. Based on an average daily volume of 7,215 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC grew its stake in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 78,289 shares of the company’s stock after buying an additional 10,536 shares during the quarter. Janney Montgomery Scott LLC owned 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 as of its most recent filing with the SEC.

US Treasury 5 Year Note ETF Stock Performance

Shares of UFIV stock remained flat at $47.99 during trading on Tuesday. 8,410 shares of the company were exchanged, compared to its average volume of 7,473. US Treasury 5 Year Note ETF has a 52-week low of $47.72 and a 52-week high of $49.74. The company has a fifty day simple moving average of $48.12 and a 200-day simple moving average of $48.63.

US Treasury 5 Year Note ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were paid a $0.1589 dividend. The ex-dividend date was Tuesday, July 28th. This is an increase from US Treasury 5 Year Note ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 4.0%.

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. UFIV was launched on Mar 28, 2023 and is managed by US Benchmark Series.