US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Stock Short Interest Drops 55.1%

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 527,163 shares, a drop of 55.1% from the September 30th total of 1,173,732 shares. Based on an average daily trading volume, of 2,485,599 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

US Treasury 3 Month Bill ETF Price Performance

TBIL stock traded up $0.01 during mid-day trading on Friday, hitting $49.86. 2,486,912 shares of the company were exchanged, compared to its average volume of 2,079,374. US Treasury 3 Month Bill ETF has a twelve month low of $49.82 and a twelve month high of $50.02. The firm has a fifty day simple moving average of $49.92 and a 200 day simple moving average of $49.92.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Hedge funds have recently bought and sold shares of the company. Roxbury Financial LLC raised its stake in US Treasury 3 Month Bill ETF by 6.4% during the third quarter. Roxbury Financial LLC now owns 7,482 shares of the company’s stock valued at $373,000 after buying an additional 452 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the 2nd quarter valued at approximately $25,000. Sound Income Strategies LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the 1st quarter valued at approximately $116,000. Center for Financial Planning Inc. bought a new stake in shares of US Treasury 3 Month Bill ETF in the 3rd quarter valued at approximately $198,000. Finally, Principia Wealth Advisory LLC increased its holdings in shares of US Treasury 3 Month Bill ETF by 28.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 23,058 shares of the company’s stock valued at $1,150,000 after acquiring an additional 5,126 shares during the last quarter.

US Treasury 3 Month Bill ETF Company Profile

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.