Short Interest in US Treasury 2 Year Note ETF (NASDAQ:UTWO) Decreases By 52.8%

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 21,400 shares, a drop of 52.8% from the February 13th total of 45,300 shares. Based on an average daily volume of 83,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

US Treasury 2 Year Note ETF Stock Down 0.1 %

Shares of NASDAQ:UTWO traded down $0.06 on Friday, hitting $48.29. 104,033 shares of the company’s stock were exchanged, compared to its average volume of 84,237. US Treasury 2 Year Note ETF has a 12 month low of $47.56 and a 12 month high of $48.86. The business’s 50 day simple moving average is $48.16 and its two-hundred day simple moving average is $48.28.

US Treasury 2 Year Note ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1604 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Trading of US Treasury 2 Year Note ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Private Trust Co. NA raised its holdings in shares of US Treasury 2 Year Note ETF by 825.0% in the fourth quarter. Private Trust Co. NA now owns 3,700 shares of the company’s stock valued at $178,000 after acquiring an additional 3,300 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of US Treasury 2 Year Note ETF in the fourth quarter valued at about $177,000. 49 Wealth Management LLC raised its holdings in shares of US Treasury 2 Year Note ETF by 19.9% in the third quarter. 49 Wealth Management LLC now owns 76,372 shares of the company’s stock valued at $3,724,000 after acquiring an additional 12,658 shares in the last quarter. Wealthquest Corp raised its holdings 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 acquiring an additional 25,010 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of US Treasury 2 Year Note ETF in the fourth quarter valued at about $6,564,000.

US Treasury 2 Year Note ETF Company Profile

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.