US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Up 460.4% in August

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 666,308 shares, an increase of 460.4% from the August 15th total of 118,899 shares. Based on an average daily volume of 1,623,348 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

US Treasury 3 Month Bill ETF Stock Up 0.0%

TBIL stock traded up $0.01 on Friday, reaching $49.91. 504,396 shares of the company traded hands, compared to its average volume of 2,034,603. US Treasury 3 Month Bill ETF has a one year low of $49.84 and a one year high of $50.02. The firm has a fifty day simple moving average of $49.92 and a 200-day simple moving average of $49.92.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors raised its position in US Treasury 3 Month Bill ETF by 4,270.3% in the 2nd quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock worth $9,395,000 after buying an additional 183,624 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of US Treasury 3 Month Bill ETF by 49,050.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after acquiring an additional 151,075 shares during the last quarter. Ruggiero Investments Inc. bought a new stake in shares of US Treasury 3 Month Bill ETF in the fourth quarter worth approximately $1,899,000. Ibex Wealth Advisors grew its stake 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 acquiring an additional 33,279 shares during the period. Finally, Wealthquest Corp raised its holdings 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 valued at $12,480,000 after purchasing an additional 24,626 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.