US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Up 558.2% in April

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 696,910 shares, a growth of 558.2% from the April 15th total of 105,879 shares. Based on an average daily trading volume, of 1,880,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are sold short.

US Treasury 3 Month Bill ETF Stock Up 0.0%

NASDAQ:TBIL traded up $0.02 on Thursday, hitting $49.93. The stock had a trading volume of 845,690 shares, compared to its average volume of 2,266,057. The business’s fifty day moving average is $49.92 and its 200 day moving average is $49.93. US Treasury 3 Month Bill ETF has a 52 week low of $49.81 and a 52 week high of $50.02.

US Treasury 3 Month Bill ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 29th. Investors of record on Tuesday, April 28th were given a $0.147 dividend. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a c) annualized dividend and a yield of 3.5%.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Investment Advisory LLC bought a new position in US Treasury 3 Month Bill ETF in the 3rd quarter valued at about $30,000. Rothschild Investment LLC purchased a new position in shares of US Treasury 3 Month Bill ETF during the third quarter valued at approximately $60,000. LRI Investments LLC purchased a new stake in US Treasury 3 Month Bill ETF in the 4th quarter valued at $90,000. Sound Income Strategies LLC bought a new position in US Treasury 3 Month Bill ETF during the 1st quarter valued at $116,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of US Treasury 3 Month Bill ETF in the 3rd quarter worth $156,000.

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. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.