US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Large Growth in Short Interest

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 507,500 shares, an increase of 36.8% from the November 15th total of 370,900 shares. Based on an average trading volume of 1,294,400 shares, the short-interest ratio is currently 0.4 days.

US Treasury 3 Month Bill ETF Stock Performance

NASDAQ TBIL traded up $0.03 on Friday, reaching $49.95. 1,525,546 shares of the company were exchanged, compared to its average volume of 1,116,855. The business’s fifty day moving average price is $49.93 and its 200 day moving average price is $49.93. US Treasury 3 Month Bill ETF has a fifty-two week low of $49.81 and a fifty-two week high of $50.06.

US Treasury 3 Month Bill ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1874 per share. This represents a $2.25 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Trading of US Treasury 3 Month Bill ETF

Hedge funds have recently made changes to their positions in the company. SouthState Corp acquired a new stake in US Treasury 3 Month Bill ETF during the second quarter worth $35,000. Creative Financial Designs Inc. ADV grew its holdings in shares of US Treasury 3 Month Bill ETF by 102.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,472 shares of the company’s stock worth $74,000 after purchasing an additional 745 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of US Treasury 3 Month Bill ETF by 48.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the company’s stock worth $79,000 after purchasing an additional 519 shares during the last quarter. Verity Asset Management Inc. purchased a new stake in US Treasury 3 Month Bill ETF in the 3rd quarter valued at about $219,000. Finally, Strategic Blueprint LLC purchased a new stake in US Treasury 3 Month Bill ETF in the 2nd quarter valued at about $254,000.

US Treasury 3 Month Bill ETF Company Profile

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.