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 large drop in short interest in October. As of October 30th, there was short interest totaling 25,149 shares, a drop of 81.9% from the October 15th total of 138,945 shares. Based on an average daily volume of 38,636 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On US Treasury 12 Month Bill ETF

An institutional investor recently raised its position in US Treasury 12 Month Bill ETF stock. Alpine Bank Wealth Management boosted its holdings in shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 15.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 87,971 shares of the company’s stock after purchasing an additional 12,042 shares during the period. Alpine Bank Wealth Management owned approximately 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 Trading Down 0.1%

Shares of 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 is $49.92 and its 200 day moving average is $50.06. US Treasury 12 Month Bill ETF has a 1-year low of $49.74 and a 1-year 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.