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

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 5,699 shares, a decrease of 47.0% from the September 15th total of 10,750 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 8,459 shares, the days-to-cover ratio is presently 0.7 days.

US Treasury 3 Year Note ETF Stock Down 0.3%

UTRE opened at $48.02 on Wednesday. The company has a 50 day moving average of $48.55 and a 200 day moving average of $48.98. US Treasury 3 Year Note ETF has a 12 month low of $47.90 and a 12 month high of $50.09.

US Treasury 3 Year Note ETF Company Profile

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.