US Treasury 7 Year Note ETF (NASDAQ:USVN – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 197 shares, a drop of 83.4% from the July 15th total of 1,189 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 472 shares, the days-to-cover ratio is currently 0.4 days.
US Treasury 7 Year Note ETF Stock Down 0.2%
USVN traded down $0.10 on Friday, hitting $47.15. The company had a trading volume of 435 shares, compared to its average volume of 1,780. The company’s fifty day moving average price is $47.38 and its 200 day moving average price is $47.95. US Treasury 7 Year Note ETF has a 1 year low of $46.90 and a 1 year high of $49.29.
US Treasury 7 Year Note ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were issued a $0.1648 dividend. The ex-dividend date was Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 4.2%. This is an increase from US Treasury 7 Year Note ETF’s previous monthly dividend of $0.16.
About US Treasury 7 Year Note ETF
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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