US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Stock Short Interest Rises 478.8%

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 138,945 shares, an increase of 478.8% from the September 30th total of 24,006 shares. Based on an average daily volume of 71,398 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.1% of the company’s stock are short sold.

US Treasury 12 Month Bill ETF Trading Down 0.4%

NASDAQ:OBIL traded down $0.18 on Tuesday, hitting $49.83. The stock had a trading volume of 13,384 shares, compared to its average volume of 46,154. US Treasury 12 Month Bill ETF has a 1 year low of $49.74 and a 1 year high of $50.33. The firm’s fifty day simple moving average is $49.97 and its two-hundred day simple moving average is $50.09.

Institutional Trading of US Treasury 12 Month Bill ETF

A hedge fund recently raised its position in US Treasury 12 Month Bill ETF stock. Marshall & Sterling Wealth Advisors Inc. increased its holdings in shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 76.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,011 shares of the company’s stock after acquiring an additional 11,716 shares during the quarter. US Treasury 12 Month Bill ETF makes up about 0.9% of Marshall & Sterling Wealth Advisors Inc.’s holdings, making the stock its 28th largest position. Marshall & Sterling Wealth Advisors Inc. owned about 0.43% of US Treasury 12 Month Bill ETF worth $1,353,000 at the end of the most recent quarter.

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.