US Treasury 2 Year Note ETF (NASDAQ:UTWO) Shares Break Below Fifty Day Moving Average – Here’s Why

US Treasury 2 Year Note ETF (NASDAQ:UTWO) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $47.55 and traded as low as $47.49. US Treasury 2 Year Note ETF shares last traded at $47.53, with a volume of 115,960 shares.

US Treasury 2 Year Note ETF Stock Down 0.3%

The company has a 50 day moving average price of $47.55 and a 200-day moving average price of $48.04.

US Treasury 2 Year Note ETF Increases Dividend

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

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

A hedge fund recently raised its position in US Treasury 2 Year Note ETF stock. CoreCap Advisors LLC raised its stake in US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 27.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,908 shares of the company’s stock after buying an additional 3,629 shares during the period. CoreCap Advisors LLC owned about 0.17% of US Treasury 2 Year Note ETF worth $811,000 as of its most recent SEC filing.

US Treasury 2 Year Note ETF Company Profile

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.