Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Decreases By 80.1%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 6,300 shares, a drop of 80.1% from the December 31st total of 31,700 shares. Based on an average trading volume of 84,100 shares, the short-interest ratio is currently 0.1 days.

US Treasury 2 Year Note ETF Price Performance

Shares of NASDAQ:UTWO traded up $0.03 during mid-day trading on Friday, reaching $48.25. 2,880 shares of the company’s stock were exchanged, compared to its average volume of 117,920. US Treasury 2 Year Note ETF has a twelve month low of $47.56 and a twelve month high of $48.86. The business’s fifty day moving average price is $48.12 and its 200-day moving average price is $48.30.

US Treasury 2 Year Note ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were issued a dividend of $0.1637 per share. The ex-dividend date was Monday, December 30th.

Institutional Investors Weigh In On US Treasury 2 Year Note ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Crews Bank & Trust acquired a new position in shares of US Treasury 2 Year Note ETF in the fourth quarter worth approximately $177,000. 49 Wealth Management LLC raised its holdings in shares of US Treasury 2 Year Note ETF by 19.9% in the 3rd quarter. 49 Wealth Management LLC now owns 76,372 shares of the company’s stock worth $3,724,000 after acquiring an additional 12,658 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in US Treasury 2 Year Note ETF during the 4th quarter valued at about $6,564,000. Finally, Wealthquest Corp increased its holdings in US Treasury 2 Year Note ETF by 3.2% during the 4th quarter. Wealthquest Corp now owns 800,075 shares of the company’s stock worth $38,454,000 after purchasing an additional 25,010 shares in the last quarter.

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.