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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 269,000 shares, a drop of 50.1% from the August 15th total of 538,900 shares. Based on an average daily volume of 688,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TBIL. Janney Montgomery Scott LLC grew its position in shares of US Treasury 3 Month Bill ETF by 488.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 332,324 shares of the company’s stock valued at $16,649,000 after buying an additional 275,820 shares during the last quarter. Adirondack Retirement Specialists Inc. grew its position in shares of US Treasury 3 Month Bill ETF by 223.1% in the 2nd quarter. Adirondack Retirement Specialists Inc. now owns 243,172 shares of the company’s stock valued at $12,183,000 after buying an additional 167,907 shares during the last quarter. Moloney Securities Asset Management LLC grew its position in shares of US Treasury 3 Month Bill ETF by 6.3% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 139,464 shares of the company’s stock valued at $6,987,000 after buying an additional 8,226 shares during the last quarter. F M Investments LLC grew its position in shares of US Treasury 3 Month Bill ETF by 42.5% in the 1st quarter. F M Investments LLC now owns 55,290 shares of the company’s stock valued at $2,769,000 after buying an additional 16,488 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the 4th quarter valued at about $2,345,000.

US Treasury 3 Month Bill ETF Trading Up 0.0 %

Shares of TBIL traded up $0.01 during midday trading on Friday, hitting $49.98. The company’s stock had a trading volume of 905,933 shares, compared to its average volume of 479,705. US Treasury 3 Month Bill ETF has a one year low of $49.82 and a one year high of $50.10. The company’s fifty day simple moving average is $49.98 and its two-hundred day simple moving average is $49.98.

US Treasury 3 Month Bill ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, September 5th were given a dividend of $0.2204 per share. The ex-dividend date was Friday, September 1st. This represents a $2.64 dividend on an annualized basis and a yield of 5.29%.

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.