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

US Treasury 2 Year Note ETF (NASDAQ:UTWO) saw a large drop in short interest in 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 days-to-cover ratio is currently 0.1 days.

US Treasury 2 Year Note ETF Trading Up 0.1 %

Shares of UTWO stock opened at $48.24 on Friday. The business’s 50 day moving average is $48.12 and its two-hundred day moving average is $48.30. US Treasury 2 Year Note ETF has a twelve month low of $47.56 and a twelve month high of $48.86.

US Treasury 2 Year Note ETF Announces Dividend

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

Institutional Investors Weigh In On US Treasury 2 Year Note ETF

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

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.