Global X Intermediate-Term Treasury Ladder ETF (NYSEARCA:MLDR) Sees Large Drop in Short Interest

Global X Intermediate-Term Treasury Ladder ETF (NYSEARCA:MLDR) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 401 shares, a decline of 46.5% from the August 31st total of 749 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 363 shares, the days-to-cover ratio is currently 1.1 days.

Global X Intermediate-Term Treasury Ladder ETF Stock Performance

Shares of NYSEARCA MLDR traded down $0.06 during trading hours on Wednesday, hitting $46.65. 112 shares of the company traded hands, compared to its average volume of 347. The company’s 50 day moving average price is $47.80 and its 200 day moving average price is $48.43. Global X Intermediate-Term Treasury Ladder ETF has a 12 month low of $46.63 and a 12 month high of $50.28.

About Global X Intermediate-Term Treasury Ladder ETF

The Global X Intermediate-Term Treasury Ladder ETF (MLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index comprised of US Treasury bonds maturing in 3 to 10 years, employing a bond laddering strategy. By rotating investments annually between seven maturity groups, the fund seeks to provide steady yield and manage interest rate risk, focusing on medium-term government bonds MLDR was launched on Sep 9, 2024 and is issued by Global X.