Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Declines By 55.9%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 175,728 shares, a decrease of 55.9% from the June 30th total of 398,469 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,584,298 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors lifted its position in US Treasury 3 Month Bill ETF by 4,270.3% in the 2nd 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in 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. Alpine Bank Wealth Management raised its holdings in shares of US Treasury 3 Month Bill ETF by 28.5% during the fourth quarter. Alpine Bank Wealth Management now owns 222,955 shares of the company’s stock valued at $11,121,000 after acquiring an additional 49,494 shares in the last quarter. Ruggiero Investments Inc. bought a new position in US Treasury 3 Month Bill ETF in the 4th quarter worth $1,899,000. Finally, Ibex Wealth Advisors raised its position in shares of US Treasury 3 Month Bill ETF by 11.3% in the 4th quarter. Ibex Wealth Advisors now owns 326,600 shares of the company’s stock worth $16,291,000 after acquiring an additional 33,279 shares in the last quarter.

US Treasury 3 Month Bill ETF Stock Down 0.3%

NASDAQ:TBIL opened at $49.84 on Tuesday. US Treasury 3 Month Bill ETF has a 12 month low of $49.83 and a 12 month high of $50.02. The firm’s 50 day moving average is $49.93 and its 200 day moving average is $49.93.

US Treasury 3 Month Bill ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 30th. Investors 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.