US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Stock Short Interest Falls 68.5%

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 24,006 shares, a drop of 68.5% from the September 15th total of 76,184 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 76,606 shares, the days-to-cover ratio is presently 0.3 days.

US Treasury 12 Month Bill ETF Price Performance

Shares of OBIL remained flat at $49.92 during midday trading on Monday. 21,653 shares of the stock were exchanged, compared to its average volume of 45,081. The company’s 50 day simple moving average is $49.98 and its 200 day simple moving average is $50.05. US Treasury 12 Month Bill ETF has a 52 week low of $49.74 and a 52 week high of $50.33.

Institutional Investors Weigh In On US Treasury 12 Month Bill ETF

A hedge fund recently raised its stake in US Treasury 12 Month Bill ETF stock. Nations Financial Group Inc. IA ADV increased its holdings in shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 8.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 149,397 shares of the company’s stock after purchasing an additional 11,509 shares during the period. Nations Financial Group Inc. IA ADV owned 2.39% of US Treasury 12 Month Bill ETF worth $7,481,000 as of its most recent filing with the SEC.

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.