(UTRE) US Treasury 3 Year Note - Ratings and Ratios

The US Treasury 3 Year Note ETF (NASDAQ:UTRE) is designed to track the performance of the ICE BofA Current 3-Year U.S. Treasury Index, which is a single-security index focusing on the most recently issued 3-year U.S. Treasury note. The funds adviser aims to achieve its investment objective by allocating at least 80% of its net assets (plus any borrowings for investment purposes) to the component securities of the underlying index. This approach ensures tight tracking of the indexs performance, providing exposure to the 3-year segment of the U.S. Treasury yield curve. The ETF is structured to appeal to investors seeking low-risk exposure to short-duration government debt, making it a tool for managing interest rate risk or diversifying fixed-income portfolios.

From a technical perspective, UTRE is currently trading at 49.42, slightly above its 20-day SMA of 49.03 but below its 50-day SMA of 48.76. The 200-day SMA of 48.37 indicates a longer-term uptrend, though recent price action suggests short-term consolidation. The ATR of 0.08 reflects low volatility, consistent with the nature of short-duration Treasury securities. The average 20-day volume of 1724 shares highlights modest trading activity, which may lead to less liquidity compared to broader Treasury ETFs. The funds AUM of $8.38 million is relatively small, which could result in wider bid-ask spreads and less market impact.