Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Grows By 150.0%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 686,200 shares, an increase of 150.0% from the May 31st total of 274,500 shares. Based on an average daily trading volume, of 1,035,200 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in shares of US Treasury 3 Month Bill ETF during the 1st quarter valued at $53,000. Verity Asset Management Inc. purchased a new position in US Treasury 3 Month Bill ETF in the first quarter worth about $248,000. Kingswood Wealth Advisors LLC raised its holdings in US Treasury 3 Month Bill ETF by 117.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,243 shares of the company’s stock worth $511,000 after buying an additional 5,543 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in US Treasury 3 Month Bill ETF in the fourth quarter worth about $625,000. Finally, Wayfinding Financial LLC raised its holdings in US Treasury 3 Month Bill ETF by 2.8% in the fourth quarter. Wayfinding Financial LLC now owns 37,375 shares of the company’s stock worth $1,863,000 after buying an additional 1,015 shares during the last quarter.

US Treasury 3 Month Bill ETF Price Performance

TBIL stock traded up $0.01 during midday trading on Friday, hitting $50.02. The stock had a trading volume of 1,120,689 shares, compared to its average volume of 976,927. The business has a fifty day moving average price of $49.94 and a two-hundred day moving average price of $49.94. US Treasury 3 Month Bill ETF has a 1-year low of $49.82 and a 1-year high of $50.10.

US Treasury 3 Month Bill ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, June 3rd were given a $0.2195 dividend. This represents a $2.63 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Monday, June 3rd.

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.