Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Drops By 46.8%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 118,899 shares, a drop of 46.8% from the July 30th total of 223,391 shares. Based on an average daily volume of 1,594,168 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of US Treasury 3 Month Bill ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new position in shares of US Treasury 3 Month Bill ETF in the second quarter valued at $25,000. LRI Investments LLC purchased a new stake in US Treasury 3 Month Bill ETF in the fourth quarter worth $90,000. Sound Income Strategies LLC purchased a new position in shares of US Treasury 3 Month Bill ETF during the 1st quarter worth approximately $116,000. Sunbelt Securities Inc. bought a new stake in US Treasury 3 Month Bill ETF during the third quarter worth about $156,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in US Treasury 3 Month Bill ETF by 16.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 4,607 shares of the company’s stock valued at $231,000 after buying an additional 646 shares during the last quarter.

US Treasury 3 Month Bill ETF Stock Down 0.0%

NASDAQ:TBIL opened at $49.86 on Tuesday. The firm’s fifty day moving average is $49.93 and its 200-day moving average is $49.92. US Treasury 3 Month Bill ETF has a 52 week low of $49.84 and a 52 week high of $50.02.

US Treasury 3 Month Bill ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 27th were given a dividend of $0.1542 per share. The ex-dividend date of this dividend was Thursday, August 27th. This is a positive change from US Treasury 3 Month Bill ETF’s previous dividend of $0.15.

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. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.