Short Interest in US Treasury 5 Year Note ETF (NASDAQ:UFIV) Declines By 49.3%

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 10,900 shares, a decrease of 49.3% from the May 15th total of 21,500 shares. Based on an average trading volume of 20,700 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On US Treasury 5 Year Note ETF

Several hedge funds have recently modified their holdings of UFIV. Huntington National Bank purchased a new position in shares of US Treasury 5 Year Note ETF during the fourth quarter valued at approximately $93,000. Flow Traders U.S. LLC grew its stake in US Treasury 5 Year Note ETF by 34.9% in the 1st quarter. Flow Traders U.S. LLC now owns 39,056 shares of the company’s stock worth $1,909,000 after acquiring an additional 10,106 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in US Treasury 5 Year Note ETF by 10.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 58,946 shares of the company’s stock valued at $2,881,000 after acquiring an additional 5,714 shares during the last quarter.

US Treasury 5 Year Note ETF Stock Down 0.1%

Shares of UFIV traded down $0.05 during trading hours on Monday, reaching $48.62. 2,887 shares of the company traded hands, compared to its average volume of 18,428. The stock has a fifty day simple moving average of $48.71 and a 200 day simple moving average of $48.39. US Treasury 5 Year Note ETF has a fifty-two week low of $47.40 and a fifty-two week high of $50.02.

US Treasury 5 Year Note ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.1516 per share. This is a boost from US Treasury 5 Year Note ETF’s previous monthly dividend of $0.14. This represents a $1.82 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Monday, June 2nd.

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.