Short Interest in US Treasury 10 Year Note ETF (NASDAQ:UTEN) Grows By 1,806.7%

US Treasury 10 Year Note ETF (NASDAQ:UTEN) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 28,600 shares, a growth of 1,806.7% from the September 30th total of 1,500 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is currently 0.6 days.

US Treasury 10 Year Note ETF Stock Down 0.3 %

Shares of UTEN traded down $0.11 during mid-day trading on Friday, reaching $43.81. The company had a trading volume of 17,138 shares, compared to its average volume of 43,085. US Treasury 10 Year Note ETF has a 52-week low of $41.70 and a 52-week high of $46.03. The stock has a 50 day moving average of $45.08 and a two-hundred day moving average of $44.07.

US Treasury 10 Year Note ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, October 1st were issued a $0.141 dividend. This represents a $1.69 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Tuesday, October 1st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in US Treasury 10 Year Note ETF stock. EverSource Wealth Advisors LLC bought a new stake in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,561 shares of the company’s stock, valued at approximately $66,000. EverSource Wealth Advisors LLC owned about 0.06% of US Treasury 10 Year Note ETF at the end of the most recent reporting period.

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.