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

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

US Treasury 3 Month Bill ETF Stock Up 0.0 %

Shares of US Treasury 3 Month Bill ETF stock opened at $50.00 on Friday. The stock’s fifty day moving average is $49.94 and its two-hundred day moving average is $49.94. US Treasury 3 Month Bill ETF has a 52 week low of $49.81 and a 52 week high of $50.05.

US Treasury 3 Month Bill ETF Cuts Dividend

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

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBIL. EverSource Wealth Advisors LLC grew its stake in US Treasury 3 Month Bill ETF by 15.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,532 shares of the company’s stock worth $176,000 after acquiring an additional 470 shares in the last quarter. Strategic Advocates LLC boosted its holdings in shares of US Treasury 3 Month Bill ETF by 13.6% in the fourth quarter. Strategic Advocates LLC now owns 5,170 shares of the company’s stock valued at $258,000 after purchasing an additional 620 shares during the period. Strategic Blueprint LLC grew its stake in US Treasury 3 Month Bill ETF by 5.3% in the fourth quarter. Strategic Blueprint LLC now owns 8,442 shares of the company’s stock worth $421,000 after purchasing an additional 425 shares in the last quarter. Fiduciary Alliance LLC bought a new position in US Treasury 3 Month Bill ETF in the fourth quarter worth approximately $656,000. Finally, Flow Traders U.S. LLC purchased a new position in US Treasury 3 Month Bill ETF during the 3rd quarter worth $957,000.

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.