US Treasury 3 Year Note ETF (NASDAQ:UTRE) Short Interest Up 90.9% in March

US Treasury 3 Year Note ETF (NASDAQ:UTRE) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,100 shares, an increase of 90.9% from the March 15th total of 1,100 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.1% of the shares of the company are sold short.

US Treasury 3 Year Note ETF Price Performance

Shares of NASDAQ:UTRE opened at $49.52 on Wednesday. The company’s fifty day moving average is $49.31 and its two-hundred day moving average is $49.16. US Treasury 3 Year Note ETF has a 1-year low of $48.29 and a 1-year high of $50.11.

US Treasury 3 Year Note ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st were paid a dividend of $0.1647 per share. The ex-dividend date was Tuesday, April 1st.

About US Treasury 3 Year Note ETF

The US Treasury 3 Year Note ETF (UTRE) is an exchange-traded fund that is based on the ICE BofA Current 3-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 3-year US Treasury note. The fund is designed for those specifically required to track the 3-year tenor on the yield curve.