Short Interest in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Grows By 460.4%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 666,308 shares, an increase of 460.4% from the August 15th total of 118,899 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 1,623,348 shares, the days-to-cover ratio is presently 0.4 days.

US Treasury 3 Month Bill ETF Stock Performance

TBIL stock traded up $0.01 during trading on Friday, hitting $49.92. 2,521,077 shares of the stock traded hands, compared to its average volume of 2,046,756. US Treasury 3 Month Bill ETF has a 1 year low of $49.84 and a 1 year high of $50.02. The firm’s 50 day moving average is $49.92 and its two-hundred day moving average is $49.92.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

A number of institutional investors have recently made changes to their positions in the company. HORAN Wealth LLC purchased a new position in US Treasury 3 Month Bill ETF in the 2nd quarter worth approximately $479,000. Principia Wealth Advisory LLC boosted its stake in US Treasury 3 Month Bill ETF by 28.6% during the 2nd quarter. Principia Wealth Advisory LLC now owns 23,058 shares of the company’s stock valued at $1,150,000 after purchasing an additional 5,126 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the 2nd quarter worth $25,000. Capital Square LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the 2nd quarter worth $643,000. Finally, Roxbury Financial LLC raised its stake in shares of US Treasury 3 Month Bill ETF by 33.5% in the second quarter. Roxbury Financial LLC now owns 7,030 shares of the company’s stock worth $351,000 after purchasing an additional 1,763 shares during the last quarter.

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