US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Update

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 696,910 shares, an increase of 558.2% from the April 15th total of 105,879 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,880,300 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TBIL. JPMorgan Chase & Co. raised its position in shares of US Treasury 3 Month Bill ETF by 49,050.3% in 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 raised its position in shares of US Treasury 3 Month Bill ETF by 4.2% in 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 raised its position in shares of US Treasury 3 Month Bill ETF by 4,270.3% in 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. Harbor Investment Advisory LLC acquired a new position in shares of US Treasury 3 Month Bill ETF in the 3rd quarter valued at approximately $30,000. Finally, Argus Investors Counsel Inc. grew its holdings in shares of US Treasury 3 Month Bill ETF by 11.4% during the 3rd quarter. Argus Investors Counsel Inc. now owns 4,748 shares of the company’s stock valued at $237,000 after purchasing an additional 485 shares during the last quarter.

US Treasury 3 Month Bill ETF Stock Performance

Shares of NASDAQ TBIL traded up $0.01 during mid-day trading on Tuesday, reaching $49.92. 326,068 shares of the company were exchanged, compared to its average volume of 2,270,387. The company’s 50-day simple moving average is $49.91 and its 200-day simple moving average is $49.93. US Treasury 3 Month Bill ETF has a twelve month low of $49.81 and a twelve month high of $50.02.

US Treasury 3 Month Bill ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Tuesday, April 28th were paid a $0.147 dividend. The ex-dividend date was Tuesday, April 28th. This represents a c) annualized dividend and a yield of 3.5%.

About US Treasury 3 Month Bill ETF

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.