US Treasury 2 Year Note ETF (NASDAQ:UTWO) Short Interest Down 79.0% in May

US Treasury 2 Year Note ETF (NASDAQ:UTWO) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 5,700 shares, a decline of 79.0% from the May 15th total of 27,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 84,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On US Treasury 2 Year Note ETF

A number of hedge funds have recently added to or reduced their stakes in UTWO. Private Trust Co. NA raised its stake in US Treasury 2 Year Note ETF by 825.0% during the 4th quarter. Private Trust Co. NA now owns 3,700 shares of the company’s stock valued at $178,000 after buying an additional 3,300 shares during the last quarter. Crews Bank & Trust raised its stake in US Treasury 2 Year Note ETF by 51.7% during the 1st quarter. Crews Bank & Trust now owns 5,575 shares of the company’s stock valued at $270,000 after buying an additional 1,900 shares during the last quarter. 49 Wealth Management LLC raised its stake in US Treasury 2 Year Note ETF by 76.0% during the 4th quarter. 49 Wealth Management LLC now owns 134,416 shares of the company’s stock valued at $6,460,000 after buying an additional 58,044 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its stake in US Treasury 2 Year Note ETF by 31.5% during the 1st quarter. Flow Traders U.S. LLC now owns 149,882 shares of the company’s stock valued at $7,265,000 after buying an additional 35,874 shares during the last quarter.

US Treasury 2 Year Note ETF Trading Down 0.1%

Shares of UTWO opened at $48.26 on Friday. The firm has a fifty day simple moving average of $48.36 and a two-hundred day simple moving average of $48.25. US Treasury 2 Year Note ETF has a 1-year low of $47.71 and a 1-year high of $48.86.

US Treasury 2 Year Note ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.1453 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.74 dividend on an annualized basis and a yield of 3.61%.

About US Treasury 2 Year Note ETF

The US Treasury 2 Year Note ETF (UTWO) is an exchange-traded fund that is based on the ICE BofA Current 2 Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve.