Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Declines By 50.2%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 456,800 shares, a drop of 50.2% from the February 28th total of 917,600 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,599,900 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealthquest Corp boosted its holdings in US Treasury 3 Month Bill ETF by 2.7% in the fourth quarter. Wealthquest Corp now owns 308,268 shares of the company’s stock valued at $15,370,000 after purchasing an additional 8,035 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in shares of US Treasury 3 Month Bill ETF by 12.5% in the 4th quarter. Moloney Securities Asset Management LLC now owns 301,835 shares of the company’s stock valued at $15,049,000 after buying an additional 33,418 shares during the last quarter. 49 Wealth Management LLC raised its stake in US Treasury 3 Month Bill ETF by 96.1% during the 4th quarter. 49 Wealth Management LLC now owns 284,284 shares of the company’s stock worth $14,174,000 after acquiring an additional 139,348 shares in the last quarter. Copia Wealth Management purchased a new stake in US Treasury 3 Month Bill ETF in the fourth quarter valued at $6,395,000. Finally, Janney Montgomery Scott LLC boosted its stake in US Treasury 3 Month Bill ETF by 114.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 66,816 shares of the company’s stock valued at $3,331,000 after acquiring an additional 35,626 shares in the last quarter.

US Treasury 3 Month Bill ETF Price Performance

TBIL stock opened at $49.99 on Friday. The business’s 50-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 $49.81 and a 1 year high of $50.05.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were issued a $0.1728 dividend. The ex-dividend date was Monday, March 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.