F/m US Treasury 2 Year Note ETF (UTWO)Short Government | Exchange Traded Fund | NasdaqGM
48.43 USD
-0.01
(-0.026%) ⇩
(April 20, 2026, 4 p.m.
EDT)
Short-term: ★★☆☆☆ | Long-term: ★★★★☆ | Dividends: ★★☆☆☆ |
Hot Take | April 18, 2026, 10:23 p.m. EDT
UTWO is executing as a perfect short-term yield decoupler; the fund is marked down to par ($48.45) while the dividend yield contracts sharply from peak highs to a modest ~3.8%, signaling that rising bond prices are successfully eroding the income return. Long-term, however, it remains a robust holding for conservative capital preservation as the 10-year bond yield stabilizes, though the term premium effectively vanishes when holding a single 2-year note. The options market has abandoned this ticker as a tradeable instrument, reflecting its purely passive nature. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.002158 |
| MSTL | 0.003829 |
| AutoETS | 0.003838 |
| AutoARIMA | 0.003849 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 67% |
| H-stat | 1.49 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.372 |
| Excess Kurtosis | -0.89 |
As of April 18, 2026, 10:23 p.m. EDT: Options activity is virtually non-existent across all expirations shown (June 2026 and September 2026). Implied volatility (IV) is reported as 0.0 for all strikes, and both volume and open interest are near zero or explicitly null. There are no meaningful signals from put or call buyers/sellers, indicating a complete absence of speculative positioning in the derivatives market for this highly liquid ETF.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.27% | 3.53% | 4.26% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-30 | 0.130 | 0.269514 |
| 2026-02-26 | 0.135 | 0.278700 |
| 2026-01-29 | 0.138 | 0.286275 |
| 2025-12-30 | 0.131 | 0.271910 |
| 2025-12-02 | 0.136 | 0.283371 |
| 2025-11-03 | 0.133 | 0.278241 |
| 2025-10-01 | 0.135 | 0.282967 |
| 2025-09-02 | 0.150 | 0.315838 |
| 2025-08-01 | 0.145 | 0.306223 |
| 2025-07-01 | 0.152 | 0.322606 |
| 2025-06-02 | 0.145 | 0.309356 |
| 2025-05-01 | 0.151 | 0.321657 |
| 2025-04-01 | 0.161 | 0.344951 |
| 2025-03-03 | 0.160 | 0.344164 |
| 2025-02-03 | 0.165 | 0.357950 |
| 2024-12-30 | 0.164 | 0.357150 |
| 2024-12-02 | 0.160 | 0.348976 |
| 2024-11-01 | 0.135 | 0.295397 |
| 2024-10-01 | 0.150 | 0.325587 |
| 2024-09-03 | 0.171 | 0.373890 |
| 2024-08-01 | 0.181 | 0.398924 |
| 2024-07-01 | 0.189 | 0.422460 |
| 2024-06-03 | 0.189 | 0.424176 |
| 2024-05-01 | 0.174 | 0.392882 |
| 2024-04-01 | 0.179 | 0.403870 |
| 2024-03-01 | 0.164 | 0.369708 |
| 2024-02-01 | 0.171 | 0.384169 |
| 2023-12-27 | 0.191 | 0.431287 |
| 2023-12-01 | 0.195 | 0.443716 |
| 2023-11-01 | 0.194 | 0.446154 |
| 2023-10-02 | 0.194 | 0.448908 |
| 2023-09-01 | 0.185 | 0.427313 |
| 2023-08-01 | 0.180 | 0.417453 |
| 2023-07-03 | 0.165 | 0.383861 |
| 2023-06-01 | 0.151 | 0.348289 |
| 2023-05-01 | 0.158 | 0.363996 |
| 2023-04-03 | 0.183 | 0.420925 |
| 2023-03-01 | 0.159 | 0.372829 |
| 2023-02-01 | 0.168 | 0.389023 |
| 2022-12-28 | 0.176 | 0.410495 |
| 2022-12-01 | 0.167 | 0.389472 |
| 2022-11-01 | 0.165 | 0.388179 |
| 2022-10-03 | 0.086 | 0.201172 |
| Attribute | Value |
|---|---|
| All Time High | 49.99 |
| All Time Low | 47.561 |
| Ask | 48.43 |
| Ask Size | 10 |
| Average Daily Volume10 Day | 69,250 |
| Average Daily Volume3 Month | 89,168 |
| Average Volume | 89,168 |
| Average Volume10Days | 69,250 |
| Beta3 Year | 0.24 |
| Bid | 48.4 |
| Bid Size | 80 |
| Category | Short Government |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 48.44 |
| Day Low | 48.41 |
| Dividend Yield | 3.82 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 48.44464 |
| Fifty Day Average Change | -0.019641876 |
| Fifty Day Average Change Percent | -0.00040544991 |
| Fifty Two Week Change Percent | -0.13405085 |
| Fifty Two Week High | 48.71 |
| Fifty Two Week High Change | -0.28499985 |
| Fifty Two Week High Change Percent | -0.0058509517 |
| Fifty Two Week Low | 48.09 |
| Fifty Two Week Low Change | 0.33499908 |
| Fifty Two Week Low Change Percent | 0.006966086 |
| Fifty Two Week Range | 48.09 - 48.71 |
| First Trade Date Milliseconds | 1,660,051,800,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | F/m Investments LLC |
| Fund Inception Date | 1,659,916,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal market conditions, F/m Investments LLC (the “Adviser”) seeks to achieve the fund’s investment objective by investing at least 80% of the fund’s net assets (plus any borrowings for investment purposes) in the component securities of the underlying index. The index is a one-security index comprised of the most recently issued 2-year U.S. Treasury note. |
| Long Name | F/m US Treasury 2 Year Note ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1792786903 |
| Nav Price | 48.4165 |
| Net Assets | 434,329,280.0 |
| Net Expense Ratio | 0.15 |
| Open | 48.44 |
| Phone | (302) 791-1851 |
| Previous Close | 48.4375 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.012500763 |
| Regular Market Change Percent | -0.025808025 |
| Regular Market Day High | 48.44 |
| Regular Market Day Low | 48.41 |
| Regular Market Day Range | 48.41 - 48.44 |
| Regular Market Open | 48.44 |
| Regular Market Previous Close | 48.4375 |
| Regular Market Price | 48.425 |
| Regular Market Time | 1,776,715,200 |
| Regular Market Volume | 39,197 |
| Short Name | US Treasury 2 Year Note ETF |
| Source Interval | 15 |
| Symbol | UTWO |
| Three Year Average Return | 0.0370158 |
| Total Assets | 434,329,280 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 0.22117 |
| Trailing Three Month Returns | 0.22117 |
| Triggerable | 1 |
| Two Hundred Day Average | 48.49879 |
| Two Hundred Day Average Change | -0.073791504 |
| Two Hundred Day Average Change Percent | -0.0015215123 |
| Type Disp | ETF |
| Volume | 39,197 |
| Yield | 0.0382 |
| Ytd Return | 0.22117 |