Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Expands By 21.8%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 917,600 shares, a growth of 21.8% from the February 13th total of 753,200 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,540,600 shares, the short-interest ratio is currently 0.6 days.

US Treasury 3 Month Bill ETF Price Performance

TBIL stock traded up $0.01 during midday trading on Tuesday, hitting $49.94. The stock had a trading volume of 845,931 shares, compared to its average volume of 1,265,456. The business has a fifty day moving average price of $49.93 and a two-hundred day moving average price of $49.93. US Treasury 3 Month Bill ETF has a 1-year low of $49.81 and a 1-year high of $50.05.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were paid a $0.1728 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its stake in US Treasury 3 Month Bill ETF by 114.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 66,816 shares of the company’s stock valued at $3,331,000 after buying an additional 35,626 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the 4th quarter valued at $656,000. 49 Wealth Management LLC lifted its position in shares of US Treasury 3 Month Bill ETF by 17.1% during the 3rd quarter. 49 Wealth Management LLC now owns 144,936 shares of the company’s stock valued at $7,253,000 after acquiring an additional 21,169 shares during the period. Hilton Capital Management LLC boosted its stake in US Treasury 3 Month Bill ETF by 375.8% during the third quarter. Hilton Capital Management LLC now owns 38,640 shares of the company’s stock worth $1,934,000 after acquiring an additional 30,519 shares in the last quarter. Finally, Wealthquest Corp grew its holdings in US Treasury 3 Month Bill ETF by 2.7% in the fourth quarter. Wealthquest Corp now owns 308,268 shares of the company’s stock worth $15,370,000 after purchasing an additional 8,035 shares during the period.

US Treasury 3 Month Bill ETF Company Profile

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.