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

US Treasury 7 Year Note ETF (NASDAQ:USVN) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 79 shares, a growth of 259.1% from the May 14th total of 22 shares. Based on an average daily volume of 2,905 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

US Treasury 7 Year Note ETF Stock Down 0.2%

Shares of NASDAQ USVN traded down $0.08 during midday trading on Friday, hitting $47.60. 8 shares of the company’s stock were exchanged, compared to its average volume of 2,184. US Treasury 7 Year Note ETF has a 12-month low of $47.10 and a 12-month high of $49.29. The business’s fifty day moving average price is $47.86 and its two-hundred day moving average price is $48.37.

US Treasury 7 Year Note ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were paid a $0.151 dividend. This is an increase from US Treasury 7 Year Note ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 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.