Short Interest in US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Increases By 100.5%

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 40,192 shares, a growth of 100.5% from the April 15th total of 20,041 shares. Based on an average daily volume of 38,348 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On US Treasury 12 Month Bill ETF

A number of large investors have recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. raised its stake in shares of US Treasury 12 Month Bill ETF by 76.6% during the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 27,011 shares of the company’s stock worth $1,353,000 after buying an additional 11,716 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of US Treasury 12 Month Bill ETF by 8.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 149,397 shares of the company’s stock worth $7,481,000 after buying an additional 11,509 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of US Treasury 12 Month Bill ETF by 6,810.5% during the 4th quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock worth $694,000 after buying an additional 13,621 shares in the last quarter.

US Treasury 12 Month Bill ETF Stock Performance

Shares of OBIL stock remained flat at $50.10 during trading hours on Friday. The stock had a trading volume of 20,738 shares, compared to its average volume of 45,123. The business’s 50-day simple moving average is $50.13 and its 200 day simple moving average is $50.19. US Treasury 12 Month Bill ETF has a fifty-two week low of $49.97 and a fifty-two week high of $50.33.

US Treasury 12 Month Bill ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 29th. Stockholders of record on Tuesday, April 28th were paid a dividend of $0.1466 per share. This is a positive change from US Treasury 12 Month Bill ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 28th.

About US Treasury 12 Month Bill ETF

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.