US Treasury 5 Year Note ETF (NASDAQ:UFIV) Shares Shorted: Short Interest Down 40.9% in September

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,986 shares, a drop of 40.9% from the September 15th total of 11,822 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 35,890 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC increased its position in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,289 shares of the company’s stock after purchasing an additional 10,536 shares during the period. Janney Montgomery Scott LLC owned approximately 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 at the end of the most recent quarter.

US Treasury 5 Year Note ETF Stock Performance

Shares of NASDAQ UFIV traded up $0.02 during midday trading on Friday, reaching $46.92. 4,211 shares of the company were exchanged, compared to its average volume of 9,138. US Treasury 5 Year Note ETF has a one year low of $46.40 and a one year high of $49.74. The stock’s 50-day moving average price is $47.28 and its 200-day moving average price is $48.00.

US Treasury 5 Year Note ETF Company Profile

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve. UFIV was launched on Mar 28, 2023 and is managed by US Benchmark Series.