US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Significant Decline in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 15,900 shares, a decline of 73.9% from the February 13th total of 60,900 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 44,700 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthquest Corp raised its holdings in shares of US Treasury 12 Month Bill ETF by 4.9% during the fourth quarter. Wealthquest Corp now owns 700,602 shares of the company’s stock valued at $35,072,000 after acquiring an additional 32,689 shares during the period. 49 Wealth Management LLC lifted its holdings in shares of US Treasury 12 Month Bill ETF by 27.9% in the fourth quarter. 49 Wealth Management LLC now owns 276,194 shares of the company’s stock valued at $13,826,000 after purchasing an additional 60,297 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of US Treasury 12 Month Bill ETF by 22.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 86,109 shares of the company’s stock worth $4,311,000 after buying an additional 15,985 shares during the period. GoalVest Advisory LLC acquired a new position in US Treasury 12 Month Bill ETF during the third quarter valued at $1,357,000. Finally, Crews Bank & Trust purchased a new stake in US Treasury 12 Month Bill ETF in the 4th quarter worth about $160,000.

US Treasury 12 Month Bill ETF Stock Up 0.0 %

Shares of US Treasury 12 Month Bill ETF stock traded up $0.01 on Thursday, reaching $50.12. 14,968 shares of the company were exchanged, compared to its average volume of 41,187. US Treasury 12 Month Bill ETF has a fifty-two week low of $49.65 and a fifty-two week high of $50.31. The stock has a fifty day moving average price of $50.09 and a 200-day moving average price of $50.09.

US Treasury 12 Month Bill ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1698 per share. The ex-dividend date of this dividend was Monday, March 3rd.

US Treasury 12 Month Bill ETF Company Profile

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.