Short Interest in US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Drops By 80.3%

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 7,300 shares, a decline of 80.3% from the August 15th total of 37,000 shares. Based on an average daily trading volume, of 37,800 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of US Treasury 12 Month Bill ETF

A hedge fund recently raised its stake in US Treasury 12 Month Bill ETF stock. Janney Montgomery Scott LLC increased its stake in shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 905.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 93,907 shares of the company’s stock after purchasing an additional 84,568 shares during the period. Janney Montgomery Scott LLC owned 1.90% of US Treasury 12 Month Bill ETF worth $4,689,000 as of its most recent SEC filing.

US Treasury 12 Month Bill ETF Stock Up 0.0 %

Shares of NASDAQ:OBIL traded up $0.01 during mid-day trading on Thursday, hitting $50.13. 26,456 shares of the company traded hands, compared to its average volume of 39,034. US Treasury 12 Month Bill ETF has a 12-month low of $49.65 and a 12-month high of $50.16. The stock has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $49.87.

US Treasury 12 Month Bill ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1858 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.23 dividend on an annualized basis and a yield of 4.45%.

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.