US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Large Growth in Short Interest

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 666,308 shares, an increase of 460.4% from the August 15th total of 118,899 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,623,348 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

Large investors have recently made changes to their positions in the company. Ibex Wealth Advisors lifted its stake in shares of US Treasury 3 Month Bill ETF by 11.3% in the 4th quarter. Ibex Wealth Advisors now owns 326,600 shares of the company’s stock worth $16,291,000 after purchasing an additional 33,279 shares during the period. Wealthquest Corp boosted its holdings 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. Captrust Financial Advisors grew its position in US Treasury 3 Month Bill ETF by 4,270.3% during the second 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 during the period. JPMorgan Chase & Co. raised its position in US Treasury 3 Month Bill ETF by 49,050.3% in the second quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock worth $7,568,000 after acquiring an additional 151,075 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of US Treasury 3 Month Bill ETF by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 65,227 shares of the company’s stock worth $3,252,000 after acquiring an additional 7,593 shares during the last quarter.

US Treasury 3 Month Bill ETF Stock Performance

Shares of TBIL traded up $0.01 during trading hours on Friday, hitting $49.91. The stock had a trading volume of 504,396 shares, compared to its average volume of 2,034,603. US Treasury 3 Month Bill ETF has a 12 month low of $49.84 and a 12 month high of $50.02. The stock has a fifty day moving average price of $49.92 and a 200 day moving average price of $49.92.

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.