Short Interest in US Treasury 10 Year Note ETF (NASDAQ:UTEN) Drops By 86.8%

US Treasury 10 Year Note ETF (NASDAQ:UTEN) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 18,300 shares, a decrease of 86.8% from the February 28th total of 138,500 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 55,800 shares, the short-interest ratio is currently 0.3 days.

US Treasury 10 Year Note ETF Price Performance

UTEN opened at $43.44 on Thursday. US Treasury 10 Year Note ETF has a 12-month low of $41.85 and a 12-month high of $46.03. The firm has a 50 day moving average of $43.18 and a two-hundred day moving average of $43.60.

US Treasury 10 Year Note ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were issued a dividend of $0.1552 per share. The ex-dividend date was Monday, March 3rd. This is a boost from US Treasury 10 Year Note ETF’s previous dividend of $0.15.

Institutional Investors Weigh In On US Treasury 10 Year Note ETF

An institutional investor recently bought a new position in US Treasury 10 Year Note ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,197 shares of the company’s stock, valued at approximately $418,000. Flow Traders U.S. LLC owned approximately 0.26% of US Treasury 10 Year Note ETF at the end of the most recent quarter.

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.