US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Significant Drop in Short Interest

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 527,163 shares, a decrease of 55.1% from the September 30th total of 1,173,732 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 2,485,599 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alpine Bank Wealth Management raised its holdings in US Treasury 3 Month Bill ETF by 198.2% in the third quarter. Alpine Bank Wealth Management now owns 872,100 shares of the company’s stock worth $43,474,000 after purchasing an additional 579,652 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of US Treasury 3 Month Bill ETF by 53.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 162,284 shares of the company’s stock worth $8,090,000 after buying an additional 56,548 shares in the last quarter. Parallel Advisors LLC increased its position in shares of US Treasury 3 Month Bill ETF by 13.2% during the first quarter. Parallel Advisors LLC now owns 65,227 shares of the company’s stock valued at $3,252,000 after acquiring an additional 7,593 shares in the last quarter. Fifth Third Securities Inc. bought a new stake in shares of US Treasury 3 Month Bill ETF during the third quarter valued at approximately $1,888,000. Finally, Principia Wealth Advisory LLC raised its holdings in US Treasury 3 Month Bill ETF by 28.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 23,058 shares of the company’s stock worth $1,150,000 after acquiring an additional 5,126 shares during the last quarter.

US Treasury 3 Month Bill ETF Price Performance

NASDAQ TBIL opened at $49.86 on Friday. US Treasury 3 Month Bill ETF has a 1 year low of $49.82 and a 1 year high of $50.02. The business’s 50-day moving average is $49.92 and its 200 day moving average is $49.92.

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.