US Treasury 7 Year Note ETF (NASDAQ:USVN) Shares Shorted: Short Interest Up 980.9% in October

US Treasury 7 Year Note ETF (NASDAQ:USVN – Get Free Report) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 1,016 shares, an increase of 980.9% from the October 15th total of 94 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 3,412 shares, the days-to-cover ratio is currently 0.3 days.

US Treasury 7 Year Note ETF Trading Down 0.8%

US Treasury 7 Year Note ETF stock traded down $0.36 during midday trading on Tuesday, reaching $46.10. The stock had a trading volume of 10,707 shares, compared to its average volume of 2,007. US Treasury 7 Year Note ETF has a twelve month low of $45.21 and a twelve month high of $49.29. The firm’s fifty day simple moving average is $45.98 and its two-hundred day simple moving average is $47.40.

About US Treasury 7 Year Note ETF

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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.

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