US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Significant Growth in Short Interest

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 879,200 shares, an increase of 92.5% from the March 15th total of 456,800 shares. Based on an average daily trading volume, of 2,007,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of institutional investors have recently added to or reduced their stakes in TBIL. Fiduciary Alliance LLC purchased a new stake in US Treasury 3 Month Bill ETF in the fourth quarter valued at approximately $656,000. Wealthquest Corp boosted its stake in shares of US Treasury 3 Month Bill ETF by 2.7% during the fourth quarter. Wealthquest Corp now owns 308,268 shares of the company’s stock valued at $15,370,000 after purchasing an additional 8,035 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of US Treasury 3 Month Bill ETF by 114.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 66,816 shares of the company’s stock worth $3,331,000 after purchasing an additional 35,626 shares during the last quarter. Strategic Blueprint LLC increased its stake in shares of 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 buying an additional 425 shares during the period. Finally, Strategic Advocates LLC boosted its position in US Treasury 3 Month Bill ETF by 13.6% during the 4th quarter. Strategic Advocates LLC now owns 5,170 shares of the company’s stock valued at $258,000 after buying an additional 620 shares during the period.

US Treasury 3 Month Bill ETF Stock Performance

Shares of TBIL stock traded up $0.01 during trading on Wednesday, hitting $49.93. The company’s stock had a trading volume of 244,205 shares, compared to its average volume of 1,457,577. The business has a fifty day moving average of $49.92 and a 200-day moving average of $49.93. 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 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1731 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from US Treasury 3 Month Bill ETF’s previous dividend of $0.17.

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.