US Treasury 7 Year Note ETF (NASDAQ:USVN) Sees Large Increase in Short Interest

US Treasury 7 Year Note ETF (NASDAQ:USVNGet Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 568 shares, a growth of 637.7% from the June 15th total of 77 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 597 shares, the days-to-cover ratio is currently 1.0 days.

US Treasury 7 Year Note ETF Stock Down 0.1%

Shares of USVN stock traded down $0.03 during mid-day trading on Friday, reaching $47.35. The stock had a trading volume of 4,090 shares, compared to its average volume of 2,022. The business’s fifty day moving average is $47.61 and its 200-day moving average is $48.20. US Treasury 7 Year Note ETF has a 1-year low of $47.10 and a 1-year high of $49.29.

US Treasury 7 Year Note ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a $0.1639 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, June 29th.

US Treasury 7 Year Note ETF Company Profile

(Get Free Report)

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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