US Treasury 7 Year Note ETF (NASDAQ:USVN) Sees Large Growth in Short Interest

US Treasury 7 Year Note ETF (NASDAQ:USVN) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,189 shares, a growth of 109.3% from the June 30th total of 568 shares. Based on an average daily trading volume, of 1,741 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.8% of the company’s stock are sold short.

US Treasury 7 Year Note ETF Price Performance

NASDAQ:USVN traded up $0.00 during trading hours on Wednesday, hitting $47.14. 191 shares of the company traded hands, compared to its average volume of 1,925. The firm’s 50-day simple moving average is $47.49 and its 200-day simple moving average is $48.07. US Treasury 7 Year Note ETF has a one year low of $46.97 and a one year high of $49.29.

US Treasury 7 Year Note ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th will be issued a $0.1648 dividend. This is an increase from US Treasury 7 Year Note ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, July 28th.

US Treasury 7 Year Note ETF Company Profile

The US Treasury 7 Year Note ETF (USVN) is an exchange-traded fund that is based on the ICE BofA Current 7-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 7-year US Treasury note. The fund is designed for those specifically required to track the 7-year tenor on the yield curve. USVN was launched on Mar 28, 2023 and is managed by F/m Investments.