Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Expands By 206.2%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 346,000 shares, an increase of 206.2% from the August 31st total of 113,000 shares. Based on an average trading volume of 1,192,200 shares, the short-interest ratio is currently 0.3 days.

US Treasury 3 Month Bill ETF Stock Up 0.0 %

Shares of NASDAQ TBIL traded up $0.01 during midday trading on Wednesday, reaching $50.01. The company’s stock had a trading volume of 113,613 shares, compared to its average volume of 1,047,505. US Treasury 3 Month Bill ETF has a fifty-two week low of $49.81 and a fifty-two week high of $50.09. The business’s 50 day moving average price is $49.94 and its two-hundred day moving average price is $49.93.

US Treasury 3 Month Bill ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.2152 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.58 annualized dividend and a yield of 5.16%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of US Treasury 3 Month Bill ETF during the first quarter worth $53,000. Valeo Financial Advisors LLC bought a new stake in US Treasury 3 Month Bill ETF during the second quarter valued at $230,000. Strategic Blueprint LLC bought a new stake in US Treasury 3 Month Bill ETF during the second quarter valued at $254,000. Kingswood Wealth Advisors LLC boosted its position in US Treasury 3 Month Bill ETF by 13.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 10,810 shares of the company’s stock valued at $541,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Verity Asset Management Inc. bought a new stake in US Treasury 3 Month Bill ETF during the first quarter valued at $248,000.

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.