US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Significant Decrease in Short Interest

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 241,600 shares, a decrease of 38.3% from the October 15th total of 391,600 shares. Based on an average daily trading volume, of 1,278,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBIL. SouthState Corp bought a new position in US Treasury 3 Month Bill ETF during the second quarter valued at $35,000. EverSource Wealth Advisors LLC purchased a new stake in shares of US Treasury 3 Month Bill ETF in the first quarter valued at $53,000. Creative Financial Designs Inc. ADV grew its holdings in US Treasury 3 Month Bill ETF by 102.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,472 shares of the company’s stock valued at $74,000 after purchasing an additional 745 shares during the last quarter. Verity Asset Management Inc. bought a new stake in US Treasury 3 Month Bill ETF in the third quarter worth about $219,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of US Treasury 3 Month Bill ETF during the second quarter valued at approximately $230,000.

US Treasury 3 Month Bill ETF Trading Up 0.0 %

Shares of NASDAQ:TBIL traded up $0.02 during midday trading on Friday, hitting $49.95. The company had a trading volume of 1,111,096 shares, compared to its average volume of 1,105,194. The company has a fifty day moving average of $49.94 and a two-hundred day moving average of $49.93. US Treasury 3 Month Bill ETF has a 12-month low of $49.81 and a 12-month high of $50.08.

US Treasury 3 Month Bill ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were issued a $0.1874 dividend. This represents a $2.25 annualized dividend and a yield of 4.50%. The ex-dividend date was Friday, November 1st.

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.