Short Interest in US Treasury 5 Year Note ETF (NASDAQ:UFIV) Drops By 98.6%

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 100 shares, a decrease of 98.6% from the December 31st total of 6,900 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On US Treasury 5 Year Note ETF

A hedge fund recently bought a new stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of US Treasury 5 Year Note ETF (NASDAQ:UFIV) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 53,232 shares of the company’s stock, valued at approximately $2,545,000. Janney Montgomery Scott LLC owned about 5.79% of US Treasury 5 Year Note ETF as of its most recent SEC filing.

US Treasury 5 Year Note ETF Stock Down 0.1 %

UFIV stock traded down $0.05 during midday trading on Tuesday, reaching $48.03. The company had a trading volume of 2,610 shares, compared to its average volume of 13,407. US Treasury 5 Year Note ETF has a 1 year low of $47.32 and a 1 year high of $50.02. The company has a 50 day moving average of $48.03 and a two-hundred day moving average of $48.71.

US Treasury 5 Year Note ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given a $0.1584 dividend. The ex-dividend date was Monday, December 30th.

About US Treasury 5 Year Note ETF

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve.