US Treasury 3 Year Note ETF (NASDAQ:UTRE) Short Interest Down 91.3% in July

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 808 shares, a drop of 91.3% from the July 15th total of 9,236 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 2,287 shares, the short-interest ratio is currently 0.4 days.

US Treasury 3 Year Note ETF Trading Up 0.1%

NASDAQ:UTRE traded up $0.04 during midday trading on Tuesday, reaching $48.94. 14,603 shares of the company traded hands, compared to its average volume of 3,630. The company has a fifty day moving average price of $49.03 and a 200 day moving average price of $49.40. US Treasury 3 Year Note ETF has a twelve month low of $48.76 and a twelve month high of $50.09.

US Treasury 3 Year Note ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 28th were given a $0.1621 dividend. This is a positive change from US Treasury 3 Year Note ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, July 28th.

US Treasury 3 Year Note ETF Company Profile

The US Treasury 3 Year Note ETF (UTRE) is an exchange-traded fund that is based on the ICE BofA Current 3-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 3-year US Treasury note. The fund is designed for those specifically required to track the 3-year tenor on the yield curve. UTRE was launched on Mar 28, 2023 and is managed by US Benchmark Series.