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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 370,900 shares, an increase of 53.5% from the October 31st total of 241,600 shares. Based on an average daily trading volume, of 1,301,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new stake in shares of US Treasury 3 Month Bill ETF during the 3rd quarter valued at about $957,000. 49 Wealth Management LLC lifted its stake in US Treasury 3 Month Bill ETF by 17.1% in the third quarter. 49 Wealth Management LLC now owns 144,936 shares of the company’s stock valued at $7,253,000 after acquiring an additional 21,169 shares during the last quarter. Hilton Capital Management LLC lifted its stake in US Treasury 3 Month Bill ETF by 375.8% in the third quarter. Hilton Capital Management LLC now owns 38,640 shares of the company’s stock valued at $1,934,000 after acquiring an additional 30,519 shares during the last quarter. GoalVest Advisory LLC bought a new stake in US Treasury 3 Month Bill ETF in the third quarter worth approximately $605,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of US Treasury 3 Month Bill ETF during the 3rd quarter worth $1,003,000.

US Treasury 3 Month Bill ETF Price Performance

Shares of NASDAQ:TBIL opened at $50.01 on Friday. US Treasury 3 Month Bill ETF has a 12-month low of $49.81 and a 12-month high of $50.08. The firm has a fifty day moving average of $49.95 and a two-hundred day moving average of $49.94.

US Treasury 3 Month Bill ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were given a dividend of $0.1874 per share. The ex-dividend date was Friday, November 1st. This represents a $2.25 dividend on an annualized basis and a yield of 4.50%.

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.