US Treasury 5 Year Note ETF (NASDAQ:UFIV) Sees Significant Growth in Short Interest

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 18,900 shares, an increase of 130.5% from the February 28th total of 8,200 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 17,700 shares, the short-interest ratio is currently 1.1 days.

US Treasury 5 Year Note ETF Trading Up 0.5 %

US Treasury 5 Year Note ETF stock opened at $48.81 on Friday. The stock has a fifty day moving average price of $48.28 and a 200 day moving average price of $48.45. US Treasury 5 Year Note ETF has a 52 week low of $47.32 and a 52 week high of $50.02.

US Treasury 5 Year Note ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1666 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On US Treasury 5 Year Note ETF

A number of institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new position in shares of US Treasury 5 Year Note ETF in the 4th quarter valued at $2,545,000. Flow Traders U.S. LLC purchased a new position in shares of US Treasury 5 Year Note ETF in the 3rd quarter worth $551,000. Finally, Huntington National Bank acquired a new position in US Treasury 5 Year Note ETF in the fourth quarter valued at $93,000.

About US Treasury 5 Year Note ETF

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve.