US Treasury 10 Year Note ETF (NASDAQ:UTEN – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 13,739 shares, a drop of 88.1% from the September 30th total of 114,982 shares. Based on an average daily volume of 234,345 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.
US Treasury 10 Year Note ETF Price Performance
NASDAQ UTEN opened at $41.40 on Wednesday. The stock’s fifty day moving average is $41.47 and its two-hundred day moving average is $42.95. US Treasury 10 Year Note ETF has a fifty-two week low of $40.26 and a fifty-two week high of $44.87.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of UTEN. Sound Income Strategies LLC purchased a new stake in shares of US Treasury 10 Year Note ETF in the first quarter valued at about $28,000. Bank of New Hampshire increased its position in US Treasury 10 Year Note ETF by 143.3% during the third quarter. Bank of New Hampshire now owns 2,190 shares of the company’s stock worth $89,000 after purchasing an additional 1,290 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in US Treasury 10 Year Note ETF by 5.1% during the second quarter. NewEdge Advisors LLC now owns 36,720 shares of the company’s stock worth $1,586,000 after purchasing an additional 1,795 shares during the period.
US Treasury 10 Year Note ETF Company Profile
The US Treasury 10 Year Note ETF (UTEN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 10-year US Treasury note. The fund is designed for those specifically required to track the 10-year tenor on the yield curve. UTEN was launched on Aug 9, 2022 and is managed by F/m Investments.
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