US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Update

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 113,000 shares, a decrease of 78.4% from the August 15th total of 523,700 shares. Based on an average trading volume of 1,153,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

A number of institutional investors have recently modified their holdings of TBIL. AdvisorNet Financial Inc purchased a new position in US Treasury 3 Month Bill ETF during the 2nd quarter valued at about $2,466,000. Moloney Securities Asset Management LLC grew its holdings in shares of US Treasury 3 Month Bill ETF by 24.7% in the second quarter. Moloney Securities Asset Management LLC now owns 234,092 shares of the company’s stock valued at $11,709,000 after purchasing an additional 46,427 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in US Treasury 3 Month Bill ETF by 20.1% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 76,244 shares of the company’s stock worth $3,814,000 after buying an additional 12,772 shares during the period. Transcendent Capital Group LLC acquired a new stake in US Treasury 3 Month Bill ETF during the 4th quarter worth approximately $625,000. Finally, TIAA Trust National Association purchased a new position in US Treasury 3 Month Bill ETF in the 2nd quarter valued at approximately $266,000.

US Treasury 3 Month Bill ETF Stock Performance

Shares of NASDAQ:TBIL traded up $0.01 during mid-day trading on Friday, reaching $49.92. 1,042,357 shares of the company were exchanged, compared to its average volume of 1,042,361. US Treasury 3 Month Bill ETF has a 1 year low of $49.81 and a 1 year high of $50.09. The firm’s 50-day simple moving average is $49.93 and its 200 day simple moving average is $49.93.

US Treasury 3 Month Bill ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.2152 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.58 annualized dividend and a dividend yield of 5.17%.

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.