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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large 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 daily trading volume, of 1,192,200 shares, the days-to-cover ratio is currently 0.3 days.

US Treasury 3 Month Bill ETF Stock Up 0.0 %

NASDAQ:TBIL traded up $0.01 on Friday, hitting $50.03. The stock had a trading volume of 1,012,023 shares, compared to its average volume of 1,053,348. US Treasury 3 Month Bill ETF has a 52 week low of $49.81 and a 52 week high of $50.09. The business’s fifty day moving average is $49.94 and its 200 day moving average is $49.94.

US Treasury 3 Month Bill ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, September 3rd were issued a $0.2152 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of US Treasury 3 Month Bill ETF

Several hedge funds have recently bought and sold shares of TBIL. SouthState Corp bought a new position in shares of US Treasury 3 Month Bill ETF in the second quarter valued at $35,000. EverSource Wealth Advisors LLC acquired a new position in US Treasury 3 Month Bill ETF during the 1st quarter valued at about $53,000. Valeo Financial Advisors LLC bought a new stake in US Treasury 3 Month Bill ETF during the 2nd quarter worth approximately $230,000. Verity Asset Management Inc. purchased a new stake in shares of US Treasury 3 Month Bill ETF in the first quarter worth approximately $248,000. Finally, Strategic Blueprint LLC bought a new position in shares of US Treasury 3 Month Bill ETF in the second quarter valued at approximately $254,000.

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.