US Treasury 10 Year Note ETF (NASDAQ:UTEN) Sees Large Drop in Short Interest

Posted by KOP Source Staff on Nov 12th, 2024

US Treasury 10 Year Note ETF (NASDAQ:UTEN – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, a decrease of 66.4% from the October 15th total of 28,600 shares. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is currently 0.2 days.

US Treasury 10 Year Note ETF Stock Performance

NASDAQ:UTEN traded down $0.10 during mid-day trading on Tuesday, reaching $43.31. The stock had a trading volume of 3,304 shares, compared to its average volume of 43,699. US Treasury 10 Year Note ETF has a one year low of $42.21 and a one year high of $46.03. The firm has a 50 day moving average price of $44.70 and a two-hundred day moving average price of $44.15.

US Treasury 10 Year Note ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, November 1st were paid a $0.1356 dividend. This represents a $1.63 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in US Treasury 10 Year Note ETF stock. EverSource Wealth Advisors LLC purchased a new position in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,561 shares of the company’s stock, valued at approximately $66,000. EverSource Wealth Advisors LLC owned about 0.06% of US Treasury 10 Year Note ETF at the end of the most recent reporting period.

About US Treasury 10 Year Note ETF

(Get Free Report)

The US Treasury 10 Year Note ETF (UTEN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 10-year US Treasury note. The fund is designed for those specifically required to track the 10-year tenor on the yield curve.