US Treasury 5 Year Note ETF (NASDAQ:UFIV) Sees Large Growth in Short Interest

US Treasury 5 Year Note ETF (NASDAQ:UFIV) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 20,139 shares, an increase of 188.3% from the September 30th total of 6,986 shares. Based on an average daily volume of 10,714 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.7% of the company’s stock are short sold.

US Treasury 5 Year Note ETF Price Performance

Shares of NASDAQ UFIV traded up $0.19 during mid-day trading on Thursday, reaching $47.05. The company had a trading volume of 5,665 shares, compared to its average volume of 9,683. US Treasury 5 Year Note ETF has a 12-month low of $46.40 and a 12-month high of $49.74. The stock has a fifty day moving average of $47.11 and a two-hundred day moving average of $48.28.

Institutional Inflows and Outflows

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

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.