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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 398,469 shares, a growth of 131.6% from the June 15th total of 172,069 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,225,263 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. LRI Investments LLC purchased a new stake in US Treasury 3 Month Bill ETF in the 4th quarter worth approximately $90,000. Sound Income Strategies LLC purchased a new position in US Treasury 3 Month Bill ETF during the first quarter valued at approximately $116,000. Sunbelt Securities Inc. bought a new position in shares of US Treasury 3 Month Bill ETF in the third quarter worth approximately $156,000. Roxbury Financial LLC purchased a new stake in shares of US Treasury 3 Month Bill ETF in the fourth quarter worth $225,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of US Treasury 3 Month Bill ETF by 16.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 4,607 shares of the company’s stock valued at $231,000 after purchasing an additional 646 shares during the period.

US Treasury 3 Month Bill ETF Trading Up 0.0%

Shares of TBIL stock traded up $0.01 during mid-day trading on Tuesday, reaching $49.94. 408,946 shares of the company’s stock traded hands, compared to its average volume of 2,153,988. US Treasury 3 Month Bill ETF has a 12 month low of $49.83 and a 12 month high of $50.02. The firm has a 50 day moving average price of $49.92 and a two-hundred day moving average price of $49.92.

US Treasury 3 Month Bill ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.1469 per share. The ex-dividend date of this dividend was Monday, June 29th.

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.