Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Declines By 46.8%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 118,899 shares, a drop of 46.8% from the July 30th total of 223,391 shares. Based on an average daily volume of 1,594,168 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

A number of institutional investors and hedge funds have recently modified their holdings of TBIL. Captrust Financial Advisors grew its position 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 worth $9,395,000 after purchasing an additional 183,624 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 worth $7,568,000 after purchasing an additional 151,075 shares in the last quarter. Ruggiero Investments Inc. bought a new position in US Treasury 3 Month Bill ETF during the fourth quarter valued at approximately $1,899,000. Ibex Wealth Advisors raised its holdings in shares of US Treasury 3 Month Bill ETF by 11.3% during the 4th quarter. Ibex Wealth Advisors now owns 326,600 shares of the company’s stock valued at $16,291,000 after purchasing an additional 33,279 shares in the last quarter. Finally, Wealthquest Corp lifted its position in shares of US Treasury 3 Month Bill ETF by 10.9% in the fourth quarter. Wealthquest Corp now owns 250,202 shares of the company’s stock worth $12,480,000 after buying an additional 24,626 shares during the last quarter.

US Treasury 3 Month Bill ETF Stock Up 0.0%

Shares of TBIL opened at $49.87 on Friday. The firm’s 50 day moving average is $49.93 and its 200-day moving average is $49.92. US Treasury 3 Month Bill ETF has a 12-month low of $49.84 and a 12-month high of $50.02.

US Treasury 3 Month Bill ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 27th were issued a $0.1542 dividend. This is an increase from US Treasury 3 Month Bill ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Thursday, August 27th.

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.