US Treasury 2 Year Note ETF (NASDAQ:UTWO) Reaches New 52-Week Low – Time to Sell?

US Treasury 2 Year Note ETF (NASDAQ:UTWO) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $47.27 and last traded at $47.32, with a volume of 575042 shares. The stock had previously closed at $47.28.

US Treasury 2 Year Note ETF Price Performance

The company’s 50 day moving average price is $47.77 and its two-hundred day moving average price is $48.01.

US Treasury 2 Year Note ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 27th were issued a $0.1641 dividend. This is a boost from US Treasury 2 Year Note ETF’s previous dividend of $0.1588. The ex-dividend date of this dividend was Thursday, August 27th.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

An institutional investor recently raised its position in US Treasury 2 Year Note ETF stock. CoreCap Advisors LLC lifted its position in US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 27.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,908 shares of the company’s stock after purchasing an additional 3,629 shares during the quarter. CoreCap Advisors LLC owned about 0.17% of US Treasury 2 Year Note ETF worth $811,000 at the end of the most recent reporting period.

About US Treasury 2 Year Note ETF

The US Treasury 2 Year Note ETF (UTWO) is an exchange-traded fund that is based on the ICE BofA Current 2 Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve. UTWO was launched on Aug 9, 2022 and is managed by F/m Investments.