US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Large Increase in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 73,200 shares, an increase of 713.3% from the December 31st total of 9,000 shares. Based on an average trading volume of 38,900 shares, the days-to-cover ratio is presently 1.9 days.

US Treasury 12 Month Bill ETF Stock Up 0.0 %

OBIL traded up $0.01 during midday trading on Tuesday, hitting $50.18. The company’s stock had a trading volume of 17,154 shares, compared to its average volume of 41,633. US Treasury 12 Month Bill ETF has a 52-week low of $49.65 and a 52-week high of $50.31. The firm has a 50-day moving average price of $50.07 and a two-hundred day moving average price of $50.06.

US Treasury 12 Month Bill ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were given a $0.175 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On US Treasury 12 Month Bill ETF

Several hedge funds and other institutional investors have recently modified their holdings of OBIL. Nations Financial Group Inc. IA ADV acquired a new position in US Treasury 12 Month Bill ETF in the 3rd quarter worth $3,525,000. 49 Wealth Management LLC lifted its stake in US Treasury 12 Month Bill ETF by 23.2% during the third quarter. 49 Wealth Management LLC now owns 215,897 shares of the company’s stock worth $10,852,000 after purchasing an additional 40,632 shares during the last quarter. Wealthquest Corp boosted its holdings in shares of US Treasury 12 Month Bill ETF by 4.9% in the 4th quarter. Wealthquest Corp now owns 700,602 shares of the company’s stock valued at $35,072,000 after buying an additional 32,689 shares during the period. GoalVest Advisory LLC bought a new position in US Treasury 12 Month Bill ETF during the 3rd quarter worth $1,357,000. Finally, Crews Bank & Trust bought a new position in shares of US Treasury 12 Month Bill ETF during the fourth quarter worth about $160,000.

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.