US Treasury 12 Month Bill ETF (NASDAQ:OBIL – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 69,405 shares, a growth of 170.3% from the August 15th total of 25,676 shares. Based on an average daily trading volume, of 37,450 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.1% of the company’s shares are short sold.
US Treasury 12 Month Bill ETF Price Performance
OBIL stock opened at $49.94 on Friday. US Treasury 12 Month Bill ETF has a 1 year low of $49.91 and a 1 year high of $50.33. The firm has a 50-day moving average of $50.04 and a 200 day moving average of $50.09.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. lifted its stake in shares of US Treasury 12 Month Bill ETF by 76.6% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 27,011 shares of the company’s stock valued at $1,353,000 after purchasing an additional 11,716 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in US Treasury 12 Month Bill ETF by 8.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 149,397 shares of the company’s stock worth $7,481,000 after purchasing an additional 11,509 shares during the period. Finally, NewEdge Advisors LLC grew its stake in US Treasury 12 Month Bill ETF by 6,810.5% in the fourth quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock worth $694,000 after purchasing an additional 13,621 shares during the period.
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.
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