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 increase in short interest in the month of April. As of April 15th, there was short interest totalling 146,700 shares, an increase of 61.9% from the March 31st total of 90,600 shares. Based on an average daily trading volume, of 932,500 shares, the days-to-cover ratio is currently 0.2 days.

US Treasury 3 Month Bill ETF Stock Up 0.0 %

Shares of NASDAQ TBIL traded up $0.01 during trading on Friday, hitting $50.02. The company had a trading volume of 728,960 shares, compared to its average volume of 922,445. The stock has a fifty day simple moving average of $49.95 and a two-hundred day simple moving average of $49.96. US Treasury 3 Month Bill ETF has a fifty-two week low of $49.82 and a fifty-two week high of $50.10.

US Treasury 3 Month Bill ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, April 2nd were given a $0.2186 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.62 annualized dividend and a dividend yield of 5.24%.

Institutional Trading of US Treasury 3 Month Bill ETF

Institutional investors have recently modified their holdings of the stock. Huntington National Bank acquired a new stake in shares of US Treasury 3 Month Bill ETF in the third quarter valued at about $64,000. Your Advocates Ltd. LLP purchased a new position in shares of US Treasury 3 Month Bill ETF in the third quarter worth about $162,000. Kingswood Wealth Advisors LLC purchased a new position in shares of US Treasury 3 Month Bill ETF in the third quarter worth about $235,000. Transcendent Capital Group LLC purchased a new position in shares of US Treasury 3 Month Bill ETF in the fourth quarter worth about $625,000. Finally, Formidable Asset Management LLC lifted its stake in shares of 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 buying an additional 15,060 shares in the last quarter.

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.