Short Interest in US Treasury 7 Year Note ETF (NASDAQ:USVN) Grows By 83.3%

US Treasury 7 Year Note ETF (NASDAQ:USVN) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,100 shares, an increase of 83.3% from the March 15th total of 600 shares. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the company’s stock are short sold.

US Treasury 7 Year Note ETF Stock Performance

NASDAQ USVN traded down $0.12 on Friday, hitting $48.01. 586 shares of the stock were exchanged, compared to its average volume of 901. The business’s fifty day moving average is $47.81 and its 200 day moving average is $47.63. US Treasury 7 Year Note ETF has a 52 week low of $46.36 and a 52 week high of $49.87.

US Treasury 7 Year Note ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st were issued a dividend of $0.1596 per share. The ex-dividend date of this dividend was Tuesday, April 1st.

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.