US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Significant Growth in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 26,770 shares, a growth of 143.8% from the June 30th total of 10,980 shares. Based on an average daily volume of 34,971 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

US Treasury 12 Month Bill ETF Price Performance

Shares of US Treasury 12 Month Bill ETF stock traded up $0.03 on Wednesday, hitting $49.97. The company’s stock had a trading volume of 87,341 shares, compared to its average volume of 44,739. US Treasury 12 Month Bill ETF has a 52-week low of $49.91 and a 52-week high of $50.33. The firm has a fifty day moving average price of $50.06 and a 200-day moving average price of $50.13.

US Treasury 12 Month Bill ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th will be issued a $0.1648 dividend. This is a positive change from US Treasury 12 Month Bill ETF’s previous dividend of $0.15. The ex-dividend date is Tuesday, July 28th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in US Treasury 12 Month Bill ETF by 76.6% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 27,011 shares of the company’s stock worth $1,353,000 after buying an additional 11,716 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in US Treasury 12 Month Bill ETF by 8.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 149,397 shares of the company’s stock valued at $7,481,000 after purchasing an additional 11,509 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in US Treasury 12 Month Bill ETF by 6,810.5% during the 4th quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock valued at $694,000 after purchasing an additional 13,621 shares in the last quarter.

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.