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

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 55,500 shares, a drop of 36.3% from the January 15th total of 87,100 shares. Based on an average daily volume of 40,000 shares, the short-interest ratio is presently 1.4 days.

US Treasury 12 Month Bill ETF Price Performance

Shares of US Treasury 12 Month Bill ETF stock opened at $50.01 on Thursday. The business has a 50-day moving average price of $50.07 and a 200 day moving average price of $50.08. US Treasury 12 Month Bill ETF has a fifty-two week low of $49.65 and a fifty-two week high of $50.31.

US Treasury 12 Month Bill ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 4th. Stockholders of record on Monday, February 3rd were issued a $0.1702 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Investors Weigh In On US Treasury 12 Month Bill ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealthquest Corp increased its stake in US Treasury 12 Month Bill ETF by 4.9% during the fourth quarter. Wealthquest Corp now owns 700,602 shares of the company’s stock valued at $35,072,000 after purchasing an additional 32,689 shares during the last quarter. 49 Wealth Management LLC boosted its holdings in shares of US Treasury 12 Month Bill ETF by 23.2% in the 3rd quarter. 49 Wealth Management LLC now owns 215,897 shares of the company’s stock valued at $10,852,000 after buying an additional 40,632 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of US Treasury 12 Month Bill ETF by 22.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 86,109 shares of the company’s stock valued at $4,311,000 after buying an additional 15,985 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in US Treasury 12 Month Bill ETF during the third quarter worth about $1,357,000. Finally, Crews Bank & Trust bought a new position in US Treasury 12 Month Bill ETF in the fourth quarter worth about $160,000.

About US Treasury 12 Month Bill ETF

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.