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

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 45,300 shares, a drop of 27.1% from the January 31st total of 62,100 shares. Based on an average daily trading volume, of 79,900 shares, the short-interest ratio is currently 0.6 days.

US Treasury 2 Year Note ETF Price Performance

US Treasury 2 Year Note ETF stock opened at $48.29 on Tuesday. The company’s 50-day moving average price is $48.12 and its two-hundred day moving average price is $48.28. US Treasury 2 Year Note ETF has a 52 week low of $47.56 and a 52 week high of $48.86.

US Treasury 2 Year Note ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd will be paid a $0.1604 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new position in shares of US Treasury 2 Year Note ETF in the fourth quarter worth about $6,564,000. Wealthquest Corp boosted 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 worth $38,454,000 after buying an additional 25,010 shares during the period. Crews Bank & Trust acquired a new position in shares of US Treasury 2 Year Note ETF in the fourth quarter worth about $177,000. 49 Wealth Management LLC boosted 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 worth $3,724,000 after buying an additional 12,658 shares during the period. Finally, Private Trust Co. NA boosted 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 worth $178,000 after buying an additional 3,300 shares during the period.

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.