US Treasury 3 Month Bill ETF (NASDAQ:TBIL – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 527,163 shares, a drop of 55.1% from the September 30th total of 1,173,732 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 2,485,599 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of US Treasury 3 Month Bill ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Bank Wealth Management raised its position in US Treasury 3 Month Bill ETF by 198.2% during the third quarter. Alpine Bank Wealth Management now owns 872,100 shares of the company’s stock worth $43,474,000 after acquiring an additional 579,652 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in US Treasury 3 Month Bill ETF by 53.5% during the third quarter. Kingswood Wealth Advisors LLC now owns 162,284 shares of the company’s stock worth $8,090,000 after acquiring an additional 56,548 shares during the period. Fifth Third Securities Inc. acquired a new position in US Treasury 3 Month Bill ETF in the 3rd quarter valued at $1,888,000. Capital Square LLC bought a new stake in shares of US Treasury 3 Month Bill ETF during the 2nd quarter worth $643,000. Finally, HORAN Wealth LLC acquired a new position in US Treasury 3 Month Bill ETF during the 2nd quarter worth approximately $479,000.
US Treasury 3 Month Bill ETF Trading Up 0.0%
Shares of TBIL opened at $49.85 on Friday. The stock has a fifty day moving average price of $49.92 and a two-hundred day moving average price of $49.92. US Treasury 3 Month Bill ETF has a 52-week low of $49.82 and a 52-week high of $50.02.
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.
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