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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 391,600 shares, an increase of 202.9% from the September 30th total of 129,300 shares. Based on an average daily trading volume, of 1,258,500 shares, the days-to-cover ratio is presently 0.3 days.

US Treasury 3 Month Bill ETF Trading Up 0.1 %

TBIL stock traded up $0.03 on Friday, reaching $50.00. 2,536,767 shares of the company’s stock were exchanged, compared to its average volume of 1,081,945. The stock has a fifty day moving average of $49.94 and a 200-day moving average of $49.93. US Treasury 3 Month Bill ETF has a twelve month low of $49.81 and a twelve month high of $50.08.

US Treasury 3 Month Bill ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were issued a $0.206 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.94%.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of US Treasury 3 Month Bill ETF during the 3rd quarter worth approximately $1,114,000. EverSource Wealth Advisors LLC purchased a new stake in US Treasury 3 Month Bill ETF during the first quarter worth $53,000. Valeo Financial Advisors LLC acquired a new stake in US Treasury 3 Month Bill ETF in the second quarter valued at $230,000. Strategic Blueprint LLC purchased a new position in shares of US Treasury 3 Month Bill ETF in the second quarter valued at $254,000. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of US Treasury 3 Month Bill ETF by 13.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 10,810 shares of the company’s stock worth $541,000 after buying an additional 1,285 shares during 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.