Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Decreases By 52.6%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 180,500 shares, a decrease of 52.6% from the June 30th total of 381,200 shares. Based on an average daily volume of 1,062,900 shares, the days-to-cover ratio is currently 0.2 days.

US Treasury 3 Month Bill ETF Trading Up 0.0 %

NASDAQ:TBIL traded up $0.02 during trading hours on Friday, reaching $50.00. The company’s stock had a trading volume of 896,366 shares, compared to its average volume of 992,504. The business’s 50-day moving average is $49.93 and its 200-day moving average is $49.94. US Treasury 3 Month Bill ETF has a one year low of $49.81 and a one year high of $50.10.

US Treasury 3 Month Bill ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, July 1st were issued a dividend of $0.2184 per share. This represents a $2.62 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Monday, July 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kingswood Wealth Advisors LLC grew its stake in US Treasury 3 Month Bill ETF by 117.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,243 shares of the company’s stock valued at $511,000 after acquiring an additional 5,543 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of US Treasury 3 Month Bill ETF in the 4th quarter valued at approximately $625,000. AdvisorNet Financial Inc bought a new stake in US Treasury 3 Month Bill ETF during the 2nd quarter worth approximately $2,466,000. Valeo Financial Advisors LLC bought a new position in US Treasury 3 Month Bill ETF in the second quarter valued at approximately $230,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of US Treasury 3 Month Bill ETF in the first quarter valued at approximately $53,000.

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.