Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Drops By 88.7%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 42,100 shares, a drop of 88.7% from the February 29th total of 372,700 shares. Based on an average daily volume of 894,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new position in US Treasury 3 Month Bill ETF in the fourth quarter worth approximately $625,000. Kingswood Wealth Advisors LLC grew its position in US Treasury 3 Month Bill ETF by 117.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,243 shares of the company’s stock worth $511,000 after acquiring an additional 5,543 shares during the period. Wayfinding Financial LLC grew its position in US Treasury 3 Month Bill ETF by 2.8% in the fourth quarter. Wayfinding Financial LLC now owns 37,375 shares of the company’s stock worth $1,863,000 after acquiring an additional 1,015 shares during the period. Formidable Asset Management LLC grew its position in US Treasury 3 Month Bill ETF by 159.0% in the third quarter. Formidable Asset Management LLC now owns 24,530 shares of the company’s stock worth $1,228,000 after acquiring an additional 15,060 shares during the period. Finally, Huntington National Bank purchased a new position in US Treasury 3 Month Bill ETF in the third quarter worth approximately $64,000.

US Treasury 3 Month Bill ETF Price Performance

Shares of NASDAQ:TBIL traded up $0.01 during midday trading on Thursday, hitting $50.05. The company had a trading volume of 192,758 shares, compared to its average volume of 882,091. US Treasury 3 Month Bill ETF has a twelve month low of $49.82 and a twelve month high of $50.10. The business’s 50-day simple moving average is $49.96 and its 200-day simple moving average is $49.96.

US Treasury 3 Month Bill ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, March 4th were given a $0.2193 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.63 annualized dividend and a yield of 5.26%.

About US Treasury 3 Month Bill ETF

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.