US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Large Growth in Short Interest

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 686,200 shares, an increase of 150.0% from the May 31st total of 274,500 shares. Based on an average trading volume of 1,035,200 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

Hedge funds have recently modified their holdings of the company. Moloney Securities Asset Management LLC raised its position in shares of US Treasury 3 Month Bill ETF by 4.0% during the 1st quarter. Moloney Securities Asset Management LLC now owns 187,665 shares of the company’s stock worth $9,389,000 after purchasing an additional 7,287 shares during the last quarter. Wayfinding Financial LLC increased its holdings in shares of US Treasury 3 Month Bill ETF by 2.8% during the 4th quarter. Wayfinding Financial LLC now owns 37,375 shares of the company’s stock worth $1,863,000 after buying an additional 1,015 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of US Treasury 3 Month Bill ETF during the 4th quarter worth approximately $625,000. Kingswood Wealth Advisors LLC increased its holdings in shares of US Treasury 3 Month Bill ETF by 117.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,243 shares of the company’s stock worth $511,000 after buying an additional 5,543 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of US Treasury 3 Month Bill ETF during the 1st quarter worth approximately $248,000.

US Treasury 3 Month Bill ETF Price Performance

NASDAQ:TBIL traded up $0.01 during mid-day trading on Friday, hitting $50.02. The company’s stock had a trading volume of 818,836 shares, compared to its average volume of 974,493. The business’s fifty day moving average is $49.94 and its two-hundred day moving average is $49.94. US Treasury 3 Month Bill ETF has a 1 year low of $49.82 and a 1 year high of $50.10.

US Treasury 3 Month Bill ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.2195 per share. This represents a $2.63 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Monday, June 3rd.

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.