US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Short Interest Update

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 17,500 shares, a growth of 121.5% from the May 15th total of 7,900 shares. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is presently 0.5 days.

US Treasury 12 Month Bill ETF Price Performance

Shares of NASDAQ OBIL traded up $0.02 during midday trading on Friday, reaching $49.80. The company’s stock had a trading volume of 23,037 shares, compared to its average volume of 38,999. US Treasury 12 Month Bill ETF has a 12-month low of $49.65 and a 12-month high of $50.16. The firm has a 50 day moving average price of $49.79 and a 200-day moving average price of $49.89.

US Treasury 12 Month Bill ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, June 3rd were paid a $0.207 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.99%.

Institutional Investors Weigh In On US Treasury 12 Month Bill ETF

Hedge funds have recently modified their holdings of the stock. Private Trust Co. NA bought a new stake in shares of US Treasury 12 Month Bill ETF in the 4th quarter worth approximately $76,000. Janney Montgomery Scott LLC bought a new stake in shares of US Treasury 12 Month Bill ETF in the 3rd quarter worth approximately $466,000. Finally, Formidable Asset Management LLC raised its holdings in shares of US Treasury 12 Month Bill ETF by 36.6% in the 3rd quarter. Formidable Asset Management LLC now owns 13,746 shares of the company’s stock worth $686,000 after purchasing an additional 3,684 shares during the period.

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.