US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Large Increase in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 26,770 shares, a growth of 143.8% from the June 30th total of 10,980 shares. Based on an average daily volume of 34,971 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

US Treasury 12 Month Bill ETF Stock Performance

US Treasury 12 Month Bill ETF stock opened at $50.08 on Tuesday. The business has a 50 day simple moving average of $50.07 and a 200-day simple moving average of $50.14. US Treasury 12 Month Bill ETF has a 12 month low of $49.97 and a 12 month high of $50.33.

US Treasury 12 Month Bill ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a $0.155 dividend. The ex-dividend date was Monday, June 29th. This is a boost from US Treasury 12 Month Bill ETF’s previous dividend of $0.15.

Institutional Trading of US Treasury 12 Month Bill ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in US Treasury 12 Month Bill ETF by 6,810.5% in the 4th quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock valued at $694,000 after acquiring an additional 13,621 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. lifted its position in US Treasury 12 Month Bill ETF by 76.6% during the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 27,011 shares of the company’s stock valued at $1,353,000 after buying an additional 11,716 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of US Treasury 12 Month Bill ETF by 1.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 137,888 shares of the company’s stock valued at $6,921,000 after acquiring an additional 2,154 shares in the last quarter.

US Treasury 12 Month Bill ETF Company Profile

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.