US Treasury 2 Year Note ETF (NASDAQ:UTWO) Sees Significant Growth in Short Interest

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 38,400 shares, a growth of 79.4% from the February 28th total of 21,400 shares. Based on an average daily volume of 83,600 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of US Treasury 2 Year Note ETF

Institutional investors have recently made changes to their positions in the business. 49 Wealth Management LLC lifted its stake in US Treasury 2 Year Note ETF by 76.0% during the fourth quarter. 49 Wealth Management LLC now owns 134,416 shares of the company’s stock worth $6,460,000 after purchasing an additional 58,044 shares during the period. Private Trust Co. NA grew its stake in shares of US Treasury 2 Year Note ETF by 825.0% in the 4th quarter. Private Trust Co. NA now owns 3,700 shares of the company’s stock valued at $178,000 after purchasing an additional 3,300 shares during the period. Crews Bank & Trust acquired a new position in shares of US Treasury 2 Year Note ETF in the 4th quarter worth approximately $177,000. Janney Montgomery Scott LLC bought a new position in shares of US Treasury 2 Year Note ETF during the 4th quarter worth approximately $6,564,000. Finally, Wealthquest Corp boosted its stake in US Treasury 2 Year Note ETF by 3.2% in the 4th quarter. Wealthquest Corp now owns 800,075 shares of the company’s stock valued at $38,454,000 after buying an additional 25,010 shares in the last quarter.

US Treasury 2 Year Note ETF Stock Up 0.2 %

Shares of UTWO stock opened at $48.44 on Monday. US Treasury 2 Year Note ETF has a one year low of $47.56 and a one year high of $48.86. The stock has a fifty day moving average price of $48.22 and a 200 day moving average price of $48.25.

US Treasury 2 Year Note ETF Cuts Dividend

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

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.