Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Drops By 62.3%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 262,771 shares, a decrease of 62.3% from the April 30th total of 696,910 shares. Based on an average trading volume of 1,813,738 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Several institutional investors have recently added to or reduced their stakes in TBIL. JPMorgan Chase & Co. grew its holdings in US Treasury 3 Month Bill ETF by 49,050.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after buying an additional 151,075 shares in the last quarter. Betterment LLC grew its holdings in US Treasury 3 Month Bill ETF by 4.2% during the 2nd quarter. Betterment LLC now owns 26,705 shares of the company’s stock valued at $1,335,000 after buying an additional 1,072 shares in the last quarter. Captrust Financial Advisors grew its holdings in US Treasury 3 Month Bill ETF by 4,270.3% during the 2nd quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock valued at $9,395,000 after buying an additional 183,624 shares in the last quarter. Wedbush Securities Inc. grew its holdings in US Treasury 3 Month Bill ETF by 86.4% during the 3rd quarter. Wedbush Securities Inc. now owns 12,892 shares of the company’s stock valued at $645,000 after buying an additional 5,977 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in US Treasury 3 Month Bill ETF during the third quarter valued at $60,000.

US Treasury 3 Month Bill ETF Stock Up 0.0%

Shares of TBIL stock opened at $49.86 on Friday. US Treasury 3 Month Bill ETF has a 12-month low of $49.81 and a 12-month high of $50.02. The stock’s 50-day moving average price is $49.92 and its 200-day moving average price is $49.93.

US Treasury 3 Month Bill ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.1472 per share. The ex-dividend date was Thursday, May 28th.

US Treasury 3 Month Bill ETF Company Profile

The US Treasury 3 Month Bill ETF (TBIL) is an exchange-traded fund that is based on the ICE BofA US Treasury Bill 3 Month index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 3-month US Treasury Bill. The fund is designed for those specifically required to track the 3-month tenor on the yield curve. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.