Malabrigo Rio- tied together?

New knitter here. Bought a skein of Malabrigo Rio in Lettuce to start a new project. This is my first skein of yarn. I cut off the small hold-it-together pieces and found this tied to the tag. Is this both the beginning and end of the skein?

New knitter here. Bought a skein of Malabrigo Rio in Lettuce to start a new project. This is my first skein of yarn. I cut off the small hold-it-together pieces and found this tied to the tag. Is this both the beginning and end of the skein?