US Treasury 10 Year Note ETF (NASDAQ:UTEN) Sees Significant Decrease in Short Interest

US Treasury 10 Year Note ETF (NASDAQ:UTEN) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,500 shares, a drop of 87.8% from the September 15th total of 12,300 shares. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of US Treasury 10 Year Note ETF

A hedge fund recently bought a new stake in US Treasury 10 Year Note ETF stock. EverSource Wealth Advisors LLC acquired a new stake in US Treasury 10 Year Note ETF (NASDAQ:UTEN) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,561 shares of the company’s stock, valued at approximately $66,000. EverSource Wealth Advisors LLC owned 0.06% of US Treasury 10 Year Note ETF at the end of the most recent quarter.

US Treasury 10 Year Note ETF Stock Performance

UTEN traded down $0.02 during trading on Friday, hitting $44.30. The stock had a trading volume of 18,010 shares, compared to its average volume of 42,382. US Treasury 10 Year Note ETF has a 12 month low of $41.43 and a 12 month high of $46.03. The company has a 50 day simple moving average of $45.25 and a 200-day simple moving average of $44.03.

US Treasury 10 Year Note ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were paid a $0.141 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.82%.

US Treasury 10 Year Note ETF Company Profile

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.