US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Update

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

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its position in shares of US Treasury 3 Month Bill ETF by 4,270.3% during the second quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock worth $9,395,000 after acquiring 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% in the 2nd quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after acquiring an additional 151,075 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in US Treasury 3 Month Bill ETF in the 3rd quarter worth $2,490,000. Alpine Bank Wealth Management lifted its stake in US Treasury 3 Month Bill ETF by 28.5% in the 4th quarter. Alpine Bank Wealth Management now owns 222,955 shares of the company’s stock worth $11,121,000 after purchasing an additional 49,494 shares in the last quarter. Finally, Ruggiero Investments Inc. bought a new position in shares of US Treasury 3 Month Bill ETF during the 4th quarter valued at about $1,899,000.

US Treasury 3 Month Bill ETF Stock Performance

Shares of NASDAQ TBIL traded up $0.01 during mid-day trading on Tuesday, reaching $49.94. The company’s stock had a trading volume of 408,946 shares, compared to its average volume of 2,153,988. The stock has a fifty day moving average of $49.92 and a two-hundred day moving average of $49.92. US Treasury 3 Month Bill ETF has a 52 week low of $49.83 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 Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a $0.1469 dividend. The ex-dividend date 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.