US Treasury 10 Year Note ETF (NASDAQ:UTEN) Short Interest Update

US Treasury 10 Year Note ETF (NASDAQ:UTEN) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 9,600 shares, a drop of 66.4% from the October 15th total of 28,600 shares. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is presently 0.2 days.

US Treasury 10 Year Note ETF Stock Down 0.8 %

NASDAQ UTEN opened at $43.07 on Wednesday. The stock’s 50-day moving average is $44.70 and its 200-day moving average is $44.15. US Treasury 10 Year Note ETF has a one year low of $42.21 and a one year high of $46.03.

US Treasury 10 Year Note ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were issued a dividend of $0.1356 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.78%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in US Treasury 10 Year Note ETF stock. EverSource Wealth Advisors LLC acquired a new position in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,561 shares of the company’s stock, valued at approximately $66,000. EverSource Wealth Advisors LLC owned approximately 0.06% of US Treasury 10 Year Note ETF as of its most recent filing with the Securities & Exchange Commission.

About US Treasury 10 Year Note ETF

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.