Short Interest in US Treasury 3 Year Note ETF (NASDAQ:UTRE) Expands By 862.5%

US Treasury 3 Year Note ETF (NASDAQ:UTRE) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 9,981 shares, an increase of 862.5% from the August 15th total of 1,037 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily volume of 10,149 shares, the days-to-cover ratio is presently 1.0 days.

US Treasury 3 Year Note ETF Stock Down 0.4%

US Treasury 3 Year Note ETF stock traded down $0.18 during trading hours on Thursday, hitting $48.46. The stock had a trading volume of 400 shares, compared to its average volume of 4,072. US Treasury 3 Year Note ETF has a 1-year low of $48.46 and a 1-year high of $50.09. The stock’s fifty day moving average is $48.91 and its two-hundred day moving average is $49.23.

About US Treasury 3 Year Note ETF

The US Treasury 3 Year Note ETF (UTRE) is an exchange-traded fund that is based on the ICE BofA Current 3-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 3-year US Treasury note. The fund is designed for those specifically required to track the 3-year tenor on the yield curve. UTRE was launched on Mar 28, 2023 and is managed by US Benchmark Series.