US Treasury 7 Year Note ETF (NASDAQ:USVN) Trading 0.1% Higher – Here’s Why

US Treasury 7 Year Note ETF (NASDAQ:USVN) shot up 0.1% during mid-day trading on Thursday . The stock traded as high as $49.02 and last traded at $49.00. 1,329 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 3,780 shares. The stock had previously closed at $48.97.

US Treasury 7 Year Note ETF Stock Performance

The stock has a 50 day simple moving average of $48.65 and a 200 day simple moving average of $48.73.

US Treasury 7 Year Note ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a $0.1463 dividend. The ex-dividend date was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a boost from US Treasury 7 Year Note ETF’s previous monthly dividend of $0.15.

US Treasury 7 Year Note ETF Company Profile

The US Treasury 7 Year Note ETF (USVN) is an exchange-traded fund that is based on the ICE BofA Current 7-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 7-year US Treasury note. The fund is designed for those specifically required to track the 7-year tenor on the yield curve. USVN was launched on Mar 28, 2023 and is managed by F/m Investments.