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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 146,700 shares, an increase of 61.9% from the March 31st total of 90,600 shares. Based on an average daily volume of 932,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

Several hedge funds have recently modified their holdings of TBIL. Janney Montgomery Scott LLC lifted its holdings in shares of US Treasury 3 Month Bill ETF by 70.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 566,420 shares of the company’s stock worth $28,361,000 after acquiring an additional 234,096 shares during the period. F M Investments LLC lifted its holdings in shares of US Treasury 3 Month Bill ETF by 310.3% during the 3rd quarter. F M Investments LLC now owns 137,154 shares of the company’s stock worth $6,867,000 after acquiring an additional 103,727 shares during the period. Wayfinding Financial LLC purchased a new position in shares of US Treasury 3 Month Bill ETF during the 3rd quarter worth about $1,821,000. Formidable Asset Management LLC lifted its holdings in shares of US Treasury 3 Month Bill ETF by 159.0% during the 3rd quarter. Formidable Asset Management LLC now owns 24,530 shares of the company’s stock worth $1,228,000 after acquiring an additional 15,060 shares during the period. Finally, Transcendent Capital Group LLC purchased a new position in shares of US Treasury 3 Month Bill ETF during the 4th quarter worth about $625,000.

US Treasury 3 Month Bill ETF Stock Performance

Shares of NASDAQ:TBIL traded up $0.01 on Friday, reaching $50.02. 728,960 shares of the company were exchanged, compared to its average volume of 922,445. US Treasury 3 Month Bill ETF has a 1-year low of $49.82 and a 1-year high of $50.10. The company has a 50-day moving average of $49.95 and a 200-day moving average of $49.96.

US Treasury 3 Month Bill ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2186 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.62 annualized dividend and a dividend yield of 5.24%.

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.