US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Down 46.8% in August

US Treasury 3 Month Bill ETF (NASDAQ:TBILGet Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 118,899 shares, a drop of 46.8% from the July 30th total of 223,391 shares. Based on an average daily volume of 1,594,168 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Several institutional investors and hedge funds have recently modified their holdings of TBIL. Captrust Financial Advisors raised its holdings in US Treasury 3 Month Bill ETF by 4,270.3% in the 2nd quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock valued at $9,395,000 after acquiring an additional 183,624 shares during the period. JPMorgan Chase & Co. grew its position in shares of US Treasury 3 Month Bill ETF by 49,050.3% in the second quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after purchasing an additional 151,075 shares during the last quarter. Ruggiero Investments Inc. acquired a new position in shares of US Treasury 3 Month Bill ETF in the fourth quarter valued at approximately $1,899,000. Ibex Wealth Advisors increased its stake in shares of US Treasury 3 Month Bill ETF by 11.3% during the fourth quarter. Ibex Wealth Advisors now owns 326,600 shares of the company’s stock worth $16,291,000 after purchasing an additional 33,279 shares during the period. Finally, Wealthquest Corp increased its stake in shares of US Treasury 3 Month Bill ETF by 10.9% during the fourth quarter. Wealthquest Corp now owns 250,202 shares of the company’s stock worth $12,480,000 after purchasing an additional 24,626 shares during the period.

US Treasury 3 Month Bill ETF Stock Performance

Shares of NASDAQ TBIL traded down $0.01 during midday trading on Monday, hitting $49.86. 574,573 shares of the company’s stock were exchanged, compared to its average volume of 2,043,598. US Treasury 3 Month Bill ETF has a 12 month low of $49.84 and a 12 month high of $50.02. The company’s 50 day moving average price is $49.93 and its 200 day moving average price is $49.92.

US Treasury 3 Month Bill ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.1542 per share. The ex-dividend date of this dividend was Thursday, August 27th. This is a positive change from US Treasury 3 Month Bill ETF’s previous dividend of $0.15.

US Treasury 3 Month Bill ETF Company Profile

(Get Free Report)

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. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.

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