Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Rises By 231.0%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 33,100 shares, an increase of 231.0% from the November 30th total of 10,000 shares. Based on an average trading volume of 87,100 shares, the days-to-cover ratio is currently 0.4 days.

US Treasury 2 Year Note ETF Price Performance

Shares of UTWO traded down $0.01 during trading hours on Thursday, reaching $48.09. The company’s stock had a trading volume of 8,186 shares, compared to its average volume of 82,887. The company has a 50 day moving average of $48.17 and a two-hundred day moving average of $48.27. US Treasury 2 Year Note ETF has a 1-year low of $47.56 and a 1-year high of $48.86.

US Treasury 2 Year Note ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1348 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, November 1st.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

An institutional investor recently raised its position in US Treasury 2 Year Note ETF stock. 49 Wealth Management LLC boosted its position in shares of US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 19.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,372 shares of the company’s stock after purchasing an additional 12,658 shares during the period. US Treasury 2 Year Note ETF accounts for approximately 0.6% of 49 Wealth Management LLC’s portfolio, making the stock its 28th biggest position. 49 Wealth Management LLC owned about 0.79% of US Treasury 2 Year Note ETF worth $3,724,000 at the end of the most recent reporting period.

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.