Short Interest in US Treasury 7 Year Note ETF (NASDAQ:USVN) Expands By 1,300.0%

US Treasury 7 Year Note ETF (NASDAQ:USVN) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the February 13th total of 100 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 1.4 days.

US Treasury 7 Year Note ETF Stock Performance

Shares of NASDAQ USVN opened at $47.76 on Thursday. US Treasury 7 Year Note ETF has a 1 year low of $46.36 and a 1 year high of $49.87. The firm’s 50 day moving average price is $47.22 and its 200 day moving average price is $47.89.

US Treasury 7 Year Note ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were given a dividend of $0.1696 per share. The ex-dividend date was Monday, March 3rd.

About US Treasury 7 Year Note ETF

The US Treasury 7 Year Note ETF (USVN) is an exchange-traded fund that is based on the ICE BofA Current 7-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 7-year US Treasury note. The fund is designed for those specifically required to track the 7-year tenor on the yield curve.