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

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,725 shares, a growth of 331.3% from the May 14th total of 400 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 5,735 shares, the days-to-cover ratio is presently 0.3 days.

US Treasury 5 Year Note ETF Trading Down 0.1%

NASDAQ:UFIV opened at $48.32 on Friday. The stock has a fifty day moving average price of $48.57 and a two-hundred day moving average price of $49.03. US Treasury 5 Year Note ETF has a 1 year low of $48.02 and a 1 year high of $49.74.

US Treasury 5 Year Note ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were given a $0.1503 dividend. The ex-dividend date was Thursday, May 28th. This is a positive change from US Treasury 5 Year Note ETF’s previous dividend of $0.15.

Institutional Trading of US Treasury 5 Year Note ETF

A hedge fund recently raised its stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC raised its position in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 78,289 shares of the company’s stock after purchasing an additional 10,536 shares during the period. 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 reporting period.

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.