Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Declines By 38.3%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 241,600 shares, a drop of 38.3% from the October 15th total of 391,600 shares. Based on an average daily trading volume, of 1,278,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TBIL. AdvisorNet Financial Inc purchased a new stake in shares of US Treasury 3 Month Bill ETF in the 2nd quarter valued at approximately $2,466,000. Moloney Securities Asset Management LLC grew its position in US Treasury 3 Month Bill ETF by 24.7% in the second quarter. Moloney Securities Asset Management LLC now owns 234,092 shares of the company’s stock worth $11,709,000 after acquiring an additional 46,427 shares during the period. Hilton Capital Management LLC increased its stake in US Treasury 3 Month Bill ETF by 375.8% during the third quarter. Hilton Capital Management LLC now owns 38,640 shares of the company’s stock worth $1,934,000 after acquiring an additional 30,519 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in US Treasury 3 Month Bill ETF in the third quarter valued at $1,114,000. Finally, 49 Wealth Management LLC lifted its stake in shares of US Treasury 3 Month Bill ETF by 17.1% in the 3rd quarter. 49 Wealth Management LLC now owns 144,936 shares of the company’s stock valued at $7,253,000 after purchasing an additional 21,169 shares during the last quarter.

US Treasury 3 Month Bill ETF Price Performance

TBIL stock traded up $0.02 during mid-day trading on Friday, reaching $49.95. The company had a trading volume of 1,111,096 shares, compared to its average volume of 1,105,194. US Treasury 3 Month Bill ETF has a 12 month low of $49.81 and a 12 month high of $50.08. The firm has a 50 day moving average of $49.94 and a 200 day moving average of $49.93.

US Treasury 3 Month Bill ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, November 1st were given a dividend of $0.1874 per share. The ex-dividend date was Friday, November 1st. This represents a $2.25 annualized dividend and a dividend yield of 4.50%.

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.