Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Declines By 36.5%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 172,069 shares, a decline of 36.5% from the May 31st total of 271,073 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,929,817 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TBIL. Captrust Financial Advisors raised its position in shares of US Treasury 3 Month Bill ETF by 4,270.3% during the second quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock worth $9,395,000 after purchasing an additional 183,624 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of US Treasury 3 Month Bill ETF by 49,050.3% during the second quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after purchasing an additional 151,075 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of US Treasury 3 Month Bill ETF in the 3rd quarter valued at $2,490,000. Alpine Bank Wealth Management boosted its position in shares of US Treasury 3 Month Bill ETF by 28.5% in the 4th quarter. Alpine Bank Wealth Management now owns 222,955 shares of the company’s stock valued at $11,121,000 after purchasing an additional 49,494 shares during the period. Finally, Ruggiero Investments Inc. purchased a new position in US Treasury 3 Month Bill ETF in the 4th quarter worth about $1,899,000.

US Treasury 3 Month Bill ETF Price Performance

Shares of NASDAQ TBIL opened at $49.89 on Friday. US Treasury 3 Month Bill ETF has a twelve month low of $49.83 and a twelve month high of $50.02. The firm has a 50-day moving average of $49.92 and a two-hundred day moving average of $49.93.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were paid a dividend of $0.1469 per share. The ex-dividend date of this dividend was Monday, June 29th.

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.