US Treasury 10 Year Note ETF (NASDAQ:UTEN – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 13,739 shares, a drop of 88.1% from the September 30th total of 114,982 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 234,345 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new position in shares of US Treasury 10 Year Note ETF in the first quarter valued at approximately $28,000. Bank of New Hampshire raised its stake in US Treasury 10 Year Note ETF by 143.3% in the third quarter. Bank of New Hampshire now owns 2,190 shares of the company’s stock valued at $89,000 after purchasing an additional 1,290 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in US Treasury 10 Year Note ETF by 5.1% during the second quarter. NewEdge Advisors LLC now owns 36,720 shares of the company’s stock valued at $1,586,000 after purchasing an additional 1,795 shares during the last quarter.
US Treasury 10 Year Note ETF Stock Performance
Shares of NASDAQ UTEN traded down $0.17 during midday trading on Tuesday, hitting $41.41. The company’s stock had a trading volume of 25,105 shares, compared to its average volume of 80,172. The stock has a fifty day moving average price of $41.50 and a 200 day moving average price of $42.98. US Treasury 10 Year Note ETF has a one year low of $40.26 and a one year high of $44.87.
About US Treasury 10 Year Note ETF
The US Treasury 10 Year Note ETF (UTEN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 10-year US Treasury note. The fund is designed for those specifically required to track the 10-year tenor on the yield curve. UTEN was launched on Aug 9, 2022 and is managed by F/m Investments.
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