US Treasury 2 Year Note ETF (NASDAQ:UTWO) Short Interest Down 46.6% in October

US Treasury 2 Year Note ETF (NASDAQ:UTWO) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 38,700 shares, a drop of 46.6% from the September 30th total of 72,500 shares. Based on an average trading volume of 108,200 shares, the short-interest ratio is presently 0.4 days.

US Treasury 2 Year Note ETF Price Performance

Shares of NASDAQ:UTWO opened at $48.32 on Friday. US Treasury 2 Year Note ETF has a 12-month low of $47.56 and a 12-month high of $48.86. The business has a 50 day moving average of $48.56 and a two-hundred day moving average of $48.15.

US Treasury 2 Year Note ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 3.73%.

About US Treasury 2 Year Note ETF

The US Treasury 2 Year Note ETF (UTWO) is an exchange-traded fund that is based on the ICE BofA Current 2 Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve.