Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Drops By 62.3%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 262,771 shares, a decline of 62.3% from the April 30th total of 696,910 shares. Based on an average daily volume of 1,813,738 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

US Treasury 3 Month Bill ETF Stock Up 0.0%

Shares of NASDAQ:TBIL opened at $49.86 on Friday. The firm’s 50 day simple moving average is $49.92 and its two-hundred day simple moving average is $49.93. US Treasury 3 Month Bill ETF has a 1-year low of $49.81 and a 1-year high of $50.02.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 28th were given a dividend of $0.1472 per share. The ex-dividend date was Thursday, May 28th.

Institutional Trading of US Treasury 3 Month Bill ETF

Several institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its position in shares of US Treasury 3 Month Bill ETF by 3.5% during the third quarter. Integrated Wealth Concepts LLC now owns 490,591 shares of the company’s stock worth $24,530,000 after purchasing an additional 16,533 shares in the last quarter. Ibex Wealth Advisors lifted its holdings in shares of US Treasury 3 Month Bill ETF by 11.3% in the fourth quarter. Ibex Wealth Advisors now owns 326,600 shares of the company’s stock worth $16,291,000 after buying an additional 33,279 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of US Treasury 3 Month Bill ETF by 75.1% during the third quarter. JPMorgan Chase & Co. now owns 265,113 shares of the company’s stock worth $13,256,000 after acquiring an additional 113,730 shares during the last quarter. Wealthquest Corp boosted its position in shares of US Treasury 3 Month Bill ETF by 10.9% during the fourth quarter. Wealthquest Corp now owns 250,202 shares of the company’s stock worth $12,480,000 after acquiring an additional 24,626 shares during the last quarter. Finally, Alpine Bank Wealth Management boosted its position in shares of US Treasury 3 Month Bill ETF by 28.5% during the fourth quarter. Alpine Bank Wealth Management now owns 222,955 shares of the company’s stock worth $11,121,000 after acquiring an additional 49,494 shares during the last quarter.

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.