US Treasury 10 Year Note ETF (NASDAQ:UTEN) Sees Large Increase in Short Interest

US Treasury 10 Year Note ETF (NASDAQ:UTEN) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 138,500 shares, a growth of 1,219.0% from the February 13th total of 10,500 shares. Based on an average daily volume of 52,100 shares, the short-interest ratio is presently 2.7 days. Currently, 3.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On US Treasury 10 Year Note ETF

An institutional investor recently bought a new position in US Treasury 10 Year Note ETF stock. Flow Traders U.S. LLC purchased a new position in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,197 shares of the company’s stock, valued at approximately $418,000. Flow Traders U.S. LLC owned approximately 0.26% of US Treasury 10 Year Note ETF as of its most recent SEC filing.

US Treasury 10 Year Note ETF Stock Performance

Shares of NASDAQ:UTEN opened at $43.48 on Thursday. US Treasury 10 Year Note ETF has a 52 week low of $41.85 and a 52 week high of $46.03. The company’s fifty day moving average is $42.90 and its 200-day moving average is $43.72.

US Treasury 10 Year Note ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were paid a $0.1552 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from US Treasury 10 Year Note ETF’s previous dividend of $0.15.

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.