US Treasury 7 Year Note ETF (NASDAQ:USVN) Trading Up 0.1% – Here’s Why

US Treasury 7 Year Note ETF (NASDAQ:USVN)’s share price was up 0.1% during mid-day trading on Thursday . The company traded as high as $49.02 and last traded at $49.00. Approximately 1,329 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 3,780 shares. The stock had previously closed at $48.97.

US Treasury 7 Year Note ETF Stock Performance

The business has a 50-day simple moving average of $48.66 and a two-hundred day simple moving average of $48.73.

US Treasury 7 Year Note ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were paid a $0.1463 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from US Treasury 7 Year Note ETF’s previous monthly dividend of $0.15.

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.