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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 879,200 shares, an increase of 92.5% from the March 15th total of 456,800 shares. Based on an average daily volume of 2,007,900 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of hedge funds have recently modified their holdings of the stock. Wealthquest Corp raised its position in US Treasury 3 Month Bill ETF by 2.7% during the fourth quarter. Wealthquest Corp now owns 308,268 shares of the company’s stock valued at $15,370,000 after acquiring an additional 8,035 shares in the last quarter. Moloney Securities Asset Management LLC increased its holdings in shares of US Treasury 3 Month Bill ETF by 12.5% during the 4th quarter. Moloney Securities Asset Management LLC now owns 301,835 shares of the company’s stock valued at $15,049,000 after purchasing an additional 33,418 shares in the last quarter. 49 Wealth Management LLC increased its holdings in shares of US Treasury 3 Month Bill ETF by 96.1% during the 4th quarter. 49 Wealth Management LLC now owns 284,284 shares of the company’s stock valued at $14,174,000 after purchasing an additional 139,348 shares in the last quarter. Ibex Wealth Advisors lifted its stake in shares of US Treasury 3 Month Bill ETF by 8.9% in the 1st quarter. Ibex Wealth Advisors now owns 229,842 shares of the company’s stock valued at $11,494,000 after purchasing an additional 18,817 shares during the period. Finally, Copia Wealth Management purchased a new stake in US Treasury 3 Month Bill ETF during the fourth quarter worth $6,395,000.

US Treasury 3 Month Bill ETF Stock Performance

NASDAQ TBIL opened at $49.92 on Thursday. US Treasury 3 Month Bill ETF has a 1 year low of $49.81 and a 1 year high of $50.05. The company has a fifty day moving average of $49.92 and a 200 day moving average of $49.93.

US Treasury 3 Month Bill ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, April 1st were issued a $0.1731 dividend. The ex-dividend date was Tuesday, April 1st. This is a boost from US Treasury 3 Month Bill ETF’s previous dividend of $0.17.

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.