Short Interest in US Treasury 7 Year Note ETF (NASDAQ:USVN) Increases By 109.3%

US Treasury 7 Year Note ETF (NASDAQ:USVN) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 1,189 shares, an increase of 109.3% from the June 30th total of 568 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,741 shares, the days-to-cover ratio is currently 0.7 days.

US Treasury 7 Year Note ETF Stock Performance

NASDAQ:USVN opened at $47.08 on Tuesday. The company has a fifty day simple moving average of $47.49 and a two-hundred day simple moving average of $48.08. US Treasury 7 Year Note ETF has a 52 week low of $46.97 and a 52 week high of $49.29.

US Treasury 7 Year Note ETF Dividend Announcement

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

US Treasury 7 Year Note ETF Company Profile

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.