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

US Treasury 3 Year Note ETF (NASDAQ:UTRE – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 51,790 shares, an increase of 808.8% from the September 30th total of 5,699 shares. Currently, 30.5% of the shares of the company are sold short. Based on an average daily trading volume, of 18,955 shares, the short-interest ratio is currently 2.7 days.

US Treasury 3 Year Note ETF Price Performance

UTRE opened at $48.21 on Wednesday. US Treasury 3 Year Note ETF has a 12-month low of $47.90 and a 12-month high of $50.09. The firm has a 50 day moving average of $48.42 and a two-hundred day moving average of $49.16.

US Treasury 3 Year Note ETF Company Profile

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

Further Reading

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