US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Down 46.8% in August

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 118,899 shares, a decrease of 46.8% from the July 30th total of 223,391 shares. Based on an average daily volume of 1,594,168 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

US Treasury 3 Month Bill ETF Price Performance

TBIL opened at $49.87 on Friday. The company’s 50 day simple moving average is $49.93 and its 200-day simple moving average is $49.92. US Treasury 3 Month Bill ETF has a one year low of $49.84 and a one year high of $50.02.

US Treasury 3 Month Bill ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.1542 per share. The ex-dividend date of this dividend was Thursday, August 27th. This is an increase from US Treasury 3 Month Bill ETF’s previous dividend of $0.15.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of institutional investors have recently made changes to their positions in TBIL. Compass Financial Management LLC acquired a new position in US Treasury 3 Month Bill ETF during the second quarter worth $25,000. LRI Investments LLC acquired a new stake in US Treasury 3 Month Bill ETF in the 4th quarter valued at $90,000. Sound Income Strategies LLC acquired a new stake in US Treasury 3 Month Bill ETF in the 1st quarter valued at $116,000. Sunbelt Securities Inc. bought a new stake in US Treasury 3 Month Bill ETF during the 3rd quarter worth about $156,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of US Treasury 3 Month Bill ETF by 16.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 4,607 shares of the company’s stock worth $231,000 after buying an additional 646 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.