US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Short Interest Update

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,100 shares, a decline of 57.7% from the February 29th total of 2,600 shares. Based on an average daily trading volume, of 39,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On US Treasury 12 Month Bill ETF

A number of hedge funds have recently modified their holdings of OBIL. Janney Montgomery Scott LLC increased its position in shares of US Treasury 12 Month Bill ETF by 905.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 93,907 shares of the company’s stock worth $4,689,000 after purchasing an additional 84,568 shares in the last quarter. Formidable Asset Management LLC increased its holdings in shares of US Treasury 12 Month Bill ETF by 36.6% during the third quarter. Formidable Asset Management LLC now owns 13,746 shares of the company’s stock worth $686,000 after buying an additional 3,684 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in shares of US Treasury 12 Month Bill ETF in the fourth quarter valued at approximately $76,000.

US Treasury 12 Month Bill ETF Stock Performance

NASDAQ OBIL traded down $0.01 on Thursday, reaching $49.96. The company’s stock had a trading volume of 19,210 shares, compared to its average volume of 38,731. US Treasury 12 Month Bill ETF has a 52 week low of $49.66 and a 52 week high of $50.47. The business has a 50-day moving average price of $49.94 and a 200 day moving average price of $49.89.

US Treasury 12 Month Bill ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, March 4th were paid a $0.1963 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.71%.

About US Treasury 12 Month Bill ETF

The US Treasury 12 Month Bill ETF (OBIL) is an exchange-traded fund that is based on the ICE BofA US 1-Year Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 12-month US Treasury bill. The fund is designed for those specifically required to track the 12-month tenor on the yield curve OBIL was launched on Nov 15, 2022 and is managed by F/m Investments.