US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Down 36.5% in June

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 172,069 shares, a decline of 36.5% from the May 31st total of 271,073 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,929,817 shares, the days-to-cover ratio is presently 0.1 days.

US Treasury 3 Month Bill ETF Trading Up 0.1%

Shares of TBIL traded up $0.03 during midday trading on Thursday, hitting $49.89. 714,856 shares of the company traded hands, compared to its average volume of 2,184,140. The stock has a 50-day moving average of $49.92 and a 200-day moving average of $49.93. US Treasury 3 Month Bill ETF has a one year low of $49.83 and a one year high of $50.02.

US Treasury 3 Month Bill ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a $0.1469 dividend. The ex-dividend date was Monday, June 29th.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TBIL. LRI Investments LLC purchased a new stake in US Treasury 3 Month Bill ETF in the 4th quarter worth approximately $90,000. Sound Income Strategies LLC purchased a new position in shares of US Treasury 3 Month Bill ETF during the 1st quarter valued at $116,000. Sunbelt Securities Inc. purchased a new position in shares of US Treasury 3 Month Bill ETF during the 3rd quarter valued at $156,000. Roxbury Financial LLC bought a new position in shares of US Treasury 3 Month Bill ETF in the fourth quarter worth $225,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of US Treasury 3 Month Bill ETF by 16.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 4,607 shares of the company’s stock worth $231,000 after purchasing an additional 646 shares during the period.

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.