Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Decreases By 62.3%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 262,771 shares, a decline of 62.3% from the April 30th total of 696,910 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,813,738 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of US Treasury 3 Month Bill ETF

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of US Treasury 3 Month Bill ETF by 49,050.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after purchasing an additional 151,075 shares during the period. Betterment LLC raised its position in shares of US Treasury 3 Month Bill ETF by 4.2% during the second quarter. Betterment LLC now owns 26,705 shares of the company’s stock valued at $1,335,000 after buying an additional 1,072 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of US Treasury 3 Month Bill ETF by 4,270.3% in the second quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock worth $9,395,000 after buying an additional 183,624 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of US Treasury 3 Month Bill ETF by 86.4% in the third quarter. Wedbush Securities Inc. now owns 12,892 shares of the company’s stock worth $645,000 after buying an additional 5,977 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of US Treasury 3 Month Bill ETF during the third quarter worth $60,000.

US Treasury 3 Month Bill ETF Trading Up 0.0%

Shares of NASDAQ TBIL traded up $0.01 during midday trading on Monday, hitting $49.87. The stock had a trading volume of 541,957 shares, compared to its average volume of 2,210,284. The business’s 50 day moving average is $49.92 and its 200-day moving average is $49.93. US Treasury 3 Month Bill ETF has a 52 week low of $49.81 and a 52 week high of $50.02.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.1472 per share. The ex-dividend date of this dividend was Thursday, May 28th.

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.