US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Significant Decline in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 24,006 shares, a decline of 68.5% from the September 15th total of 76,184 shares. Based on an average daily volume of 76,606 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

US Treasury 12 Month Bill ETF Price Performance

US Treasury 12 Month Bill ETF stock traded down $0.01 on Wednesday, reaching $49.91. The company’s stock had a trading volume of 73,060 shares, compared to its average volume of 46,512. The business’s fifty day moving average price is $49.98 and its 200 day moving average price is $50.04. US Treasury 12 Month Bill ETF has a twelve month low of $49.74 and a twelve month high of $50.33.

Institutional Inflows and Outflows

A hedge fund recently raised its position in US Treasury 12 Month Bill ETF stock. Nations Financial Group Inc. IA ADV increased its stake in US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,397 shares of the company’s stock after purchasing an additional 11,509 shares during the period. Nations Financial Group Inc. IA ADV owned 2.39% of US Treasury 12 Month Bill ETF worth $7,481,000 as of its most recent SEC filing.

US Treasury 12 Month Bill ETF Company Profile

The US Treasury 12 Month Bill ETF (OBIL) is an exchange-traded fund that is based on the ICE BofA US 1-Year Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 12-month US Treasury bill. The fund is designed for those specifically required to track the 12-month tenor on the yield curve OBIL was launched on Nov 15, 2022 and is managed by F/m Investments.