US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Short Interest Update

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 34,300 shares, a growth of 115.7% from the February 28th total of 15,900 shares. Based on an average daily volume of 42,300 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Trading of US Treasury 12 Month Bill ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crews Bank & Trust purchased a new stake in US Treasury 12 Month Bill ETF during the fourth quarter valued at $160,000. Nations Financial Group Inc. IA ADV grew its holdings in US Treasury 12 Month Bill ETF by 22.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 86,109 shares of the company’s stock worth $4,311,000 after acquiring an additional 15,985 shares in the last quarter. 49 Wealth Management LLC boosted its position in US Treasury 12 Month Bill ETF by 27.9% during the fourth quarter. 49 Wealth Management LLC now owns 276,194 shares of the company’s stock valued at $13,826,000 after purchasing an additional 60,297 shares in the last quarter. Finally, Wealthquest Corp grew its position in shares of US Treasury 12 Month Bill ETF by 3.4% in the 3rd quarter. Wealthquest Corp now owns 667,913 shares of the company’s stock worth $33,472,000 after buying an additional 21,813 shares during the last quarter.

US Treasury 12 Month Bill ETF Price Performance

Shares of OBIL traded up $0.04 on Friday, hitting $50.20. 35,765 shares of the stock traded hands, compared to its average volume of 41,854. US Treasury 12 Month Bill ETF has a one year low of $49.65 and a one year high of $50.31. The business has a 50 day simple moving average of $50.11 and a 200 day simple moving average of $50.10.

US Treasury 12 Month Bill ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were paid a $0.1698 dividend. The ex-dividend date was Monday, March 3rd.

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.