US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Significant Increase in Short Interest

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 666,308 shares, a growth of 460.4% from the August 15th total of 118,899 shares. Based on an average trading volume of 1,623,348 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s shares are short sold.

US Treasury 3 Month Bill ETF Trading Up 0.0%

Shares of NASDAQ:TBIL traded up $0.01 during trading on Friday, hitting $49.92. 2,521,077 shares of the company’s stock traded hands, compared to its average volume of 2,046,756. The company has a 50-day moving average price of $49.92 and a 200-day moving average price of $49.92. US Treasury 3 Month Bill ETF has a 52 week low of $49.84 and a 52 week high of $50.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new position in US Treasury 3 Month Bill ETF in the 2nd quarter worth $25,000. Sound Income Strategies LLC acquired a new stake in shares of US Treasury 3 Month Bill ETF in the 1st quarter valued at about $116,000. Sunbelt Securities Inc. bought a new stake in shares of US Treasury 3 Month Bill ETF in the third quarter valued at about $156,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of US Treasury 3 Month Bill ETF by 16.3% in the fourth 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 in the last quarter. Finally, Roxbury Financial LLC boosted its position in shares of US Treasury 3 Month Bill ETF by 16.9% during the first quarter. Roxbury Financial LLC now owns 5,267 shares of the company’s stock worth $263,000 after buying an additional 761 shares during the period.

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.