US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Large Growth in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 69,405 shares, an increase of 170.3% from the August 15th total of 25,676 shares. Based on an average daily volume of 37,450 shares, the short-interest ratio is presently 1.9 days. Approximately 1.1% of the company’s shares are sold short.

US Treasury 12 Month Bill ETF Trading Down 0.0%

NASDAQ:OBIL traded down $0.01 during mid-day trading on Monday, hitting $49.93. The company had a trading volume of 46,562 shares, compared to its average volume of 43,172. US Treasury 12 Month Bill ETF has a fifty-two week low of $49.91 and a fifty-two week high of $50.33. The business’s fifty day moving average is $50.03 and its two-hundred day moving average is $50.08.

Institutional Trading of US Treasury 12 Month Bill ETF

A hedge fund recently raised its position in US Treasury 12 Month Bill ETF stock. Nations Financial Group Inc. IA ADV increased its holdings in shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,397 shares of the company’s stock after buying an additional 11,509 shares during the quarter. Nations Financial Group Inc. IA ADV owned 2.39% of US Treasury 12 Month Bill ETF worth $7,481,000 as of its most recent SEC filing.

About US Treasury 12 Month Bill ETF

The US Treasury 12 Month Bill ETF (OBIL) is an exchange-traded fund that is based on the ICE BofA US 1-Year Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 12-month US Treasury bill. The fund is designed for those specifically required to track the 12-month tenor on the yield curve OBIL was launched on Nov 15, 2022 and is managed by F/m Investments.