US Treasury 3 Year Note ETF (NASDAQ:UTRE – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,300 shares, a decline of 54.9% from the September 30th total of 5,100 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is presently 1.1 days.
US Treasury 3 Year Note ETF Price Performance
Shares of NASDAQ:UTRE traded down $0.04 on Monday, hitting $49.28. The company had a trading volume of 1,000 shares, compared to its average volume of 3,570. The stock has a 50 day moving average price of $49.72 and a 200 day moving average price of $49.13. US Treasury 3 Year Note ETF has a 1-year low of $48.29 and a 1-year high of $50.11.
US Treasury 3 Year Note ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, October 1st were issued a $0.143 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.72 annualized dividend and a yield of 3.48%.
About US Treasury 3 Year Note ETF
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.
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