US Treasury 3 Year Note ETF (NASDAQ:UTRE) Stock Price Down 0.2% – Here’s What Happened

US Treasury 3 Year Note ETF (NASDAQ:UTRE) dropped 0.2% on Thursday . The stock traded as low as $49.51 and last traded at $49.53. Approximately 1,988 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 2,330 shares. The stock had previously closed at $49.61.

US Treasury 3 Year Note ETF Trading Down 0.2%

The firm has a fifty day moving average of $49.83 and a 200-day moving average of $49.87.

US Treasury 3 Year Note ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a dividend of $0.1397 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, February 26th.

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. UTRE was launched on Mar 28, 2023 and is managed by US Benchmark Series.