Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Declines By 36.8%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 42,060 shares, a drop of 36.8% from the June 30th total of 66,578 shares. Based on an average trading volume of 100,649 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

US Treasury 2 Year Note ETF Trading Up 0.0%

Shares of UTWO stock opened at $47.88 on Friday. US Treasury 2 Year Note ETF has a fifty-two week low of $47.77 and a fifty-two week high of $48.70. The stock has a 50 day moving average price of $48.01 and a two-hundred day moving average price of $48.27.

US Treasury 2 Year Note ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 28th were given a dividend of $0.1588 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This is a positive change from US Treasury 2 Year Note ETF’s previous dividend of $0.15.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 49 Wealth Management LLC raised its position in shares of US Treasury 2 Year Note ETF by 4.2% in the 4th quarter. 49 Wealth Management LLC now owns 158,851 shares of the company’s stock worth $7,715,000 after acquiring an additional 6,357 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its position in shares of US Treasury 2 Year Note ETF by 33.5% during the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 59,113 shares of the company’s stock valued at $2,854,000 after purchasing an additional 14,818 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in US Treasury 2 Year Note ETF by 27.3% in the second quarter. CoreCap Advisors LLC now owns 16,908 shares of the company’s stock worth $811,000 after purchasing an additional 3,629 shares during the period.

About US Treasury 2 Year Note ETF

The US Treasury 2 Year Note ETF (UTWO) is an exchange-traded fund that is based on the ICE BofA Current 2 Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve. UTWO was launched on Aug 9, 2022 and is managed by F/m Investments.