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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 172,069 shares, a drop of 36.5% from the May 31st total of 271,073 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,929,817 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of institutional investors and hedge funds have recently modified their holdings of TBIL. LRI Investments LLC acquired a new stake in shares of US Treasury 3 Month Bill ETF during the fourth quarter worth $90,000. Sound Income Strategies LLC acquired a new position in shares of US Treasury 3 Month Bill ETF in the 1st quarter valued at about $116,000. Sunbelt Securities Inc. bought a new stake in shares of US Treasury 3 Month Bill ETF during the 3rd quarter valued at about $156,000. Roxbury Financial LLC bought a new stake in shares of US Treasury 3 Month Bill ETF during the 4th quarter valued at about $225,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in US Treasury 3 Month Bill ETF by 16.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 4,607 shares of the company’s stock worth $231,000 after acquiring an additional 646 shares during the period.

US Treasury 3 Month Bill ETF Stock Performance

Shares of NASDAQ TBIL opened at $49.89 on Friday. US Treasury 3 Month Bill ETF has a twelve month low of $49.83 and a twelve month high of $50.02. The business has a 50 day simple moving average of $49.92 and a 200-day simple moving average of $49.93.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a $0.1469 dividend. The ex-dividend date of this dividend was Monday, June 29th.

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.