US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Short Interest Down 62.3% in May

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 262,771 shares, a drop of 62.3% from the April 30th total of 696,910 shares. Based on an average daily volume of 1,813,738 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

US Treasury 3 Month Bill ETF Stock Performance

Shares of NASDAQ TBIL traded up $0.01 during trading on Friday, reaching $49.86. The company had a trading volume of 2,218,566 shares, compared to its average volume of 2,228,240. US Treasury 3 Month Bill ETF has a twelve month low of $49.81 and a twelve month high of $50.02. The stock has a 50-day moving average price of $49.92 and a two-hundred day moving average price of $49.93.

US Treasury 3 Month Bill ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were issued a $0.1472 dividend. The ex-dividend date of this dividend was Thursday, May 28th.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Institutional investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC raised its position 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 valued at $231,000 after buying an additional 646 shares during the last quarter. Roxbury Financial LLC raised its position in shares of US Treasury 3 Month Bill ETF by 16.9% in the first quarter. Roxbury Financial LLC now owns 5,267 shares of the company’s stock valued at $263,000 after buying an additional 761 shares during the last quarter. Tidemark LLC raised its position in shares of US Treasury 3 Month Bill ETF by 5.4% in the fourth quarter. Tidemark LLC now owns 15,237 shares of the company’s stock valued at $760,000 after buying an additional 774 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of US Treasury 3 Month Bill ETF by 21.1% in the fourth quarter. Westside Investment Management Inc. now owns 5,750 shares of the company’s stock valued at $287,000 after buying an additional 1,000 shares during the last quarter. Finally, Betterment LLC raised its position in shares of US Treasury 3 Month Bill ETF by 4.2% in the second quarter. Betterment LLC now owns 26,705 shares of the company’s stock valued at $1,335,000 after buying an additional 1,072 shares during the last quarter.

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. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.