US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Shares Shorted: Short Interest Down 81.9% in October

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 25,149 shares, a decline of 81.9% from the October 15th total of 138,945 shares. Based on an average trading volume of 38,636 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in US Treasury 12 Month Bill ETF stock. Alpine Bank Wealth Management increased its position in shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 15.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,971 shares of the company’s stock after purchasing an additional 12,042 shares during the quarter. Alpine Bank Wealth Management owned 1.34% of US Treasury 12 Month Bill ETF worth $4,381,000 as of its most recent filing with the SEC.

US Treasury 12 Month Bill ETF Stock Performance

NASDAQ OBIL traded down $0.03 on Thursday, hitting $49.85. 27,160 shares of the company’s stock were exchanged, compared to its average volume of 46,719. The firm’s 50-day moving average price is $49.92 and its two-hundred day moving average price is $50.06. US Treasury 12 Month Bill ETF has a fifty-two week low of $49.74 and a fifty-two week high of $50.33.

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.