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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 370,900 shares, an increase of 53.5% from the October 31st total of 241,600 shares. Based on an average trading volume of 1,301,300 shares, the days-to-cover ratio is presently 0.3 days.

US Treasury 3 Month Bill ETF Trading Up 0.0 %

Shares of TBIL stock opened at $50.01 on Friday. US Treasury 3 Month Bill ETF has a 1 year low of $49.81 and a 1 year high of $50.08. The stock has a fifty day moving average of $49.95 and a two-hundred day moving average of $49.94.

US Treasury 3 Month Bill ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were issued a $0.1874 dividend. This represents a $2.25 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Friday, November 1st.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Moloney Securities Asset Management LLC lifted its stake in shares of US Treasury 3 Month Bill ETF by 14.7% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 268,417 shares of the company’s stock worth $13,432,000 after acquiring an additional 34,325 shares during the period. Longview Financial Advisors Inc. boosted its stake in US Treasury 3 Month Bill ETF by 2.9% during the 3rd quarter. Longview Financial Advisors Inc. now owns 242,471 shares of the company’s stock valued at $12,090,000 after purchasing an additional 6,798 shares in the last quarter. 49 Wealth Management LLC increased its position in shares of US Treasury 3 Month Bill ETF by 17.1% during the 3rd quarter. 49 Wealth Management LLC now owns 144,936 shares of the company’s stock valued at $7,253,000 after purchasing an additional 21,169 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of US Treasury 3 Month Bill ETF by 20.1% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 76,244 shares of the company’s stock worth $3,814,000 after buying an additional 12,772 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of US Treasury 3 Month Bill ETF by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 50,095 shares of the company’s stock valued at $2,507,000 after buying an additional 7,198 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.