US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Short Interest Down 65.8% in June

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 10,980 shares, a decrease of 65.8% from the June 15th total of 32,143 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 56,516 shares, the short-interest ratio is currently 0.2 days.

US Treasury 12 Month Bill ETF Price Performance

Shares of NASDAQ OBIL traded up $0.05 during mid-day trading on Tuesday, reaching $50.06. The company had a trading volume of 58,995 shares, compared to its average volume of 44,118. The stock has a fifty day moving average of $50.07 and a two-hundred day moving average of $50.15. US Treasury 12 Month Bill ETF has a 12-month low of $49.97 and a 12-month high of $50.33.

US Treasury 12 Month Bill ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a $0.155 dividend. The ex-dividend date was Monday, June 29th. This is a positive change from US Treasury 12 Month Bill ETF’s previous dividend of $0.15.

Hedge Funds Weigh In On US Treasury 12 Month Bill ETF

Several institutional investors and hedge funds have recently modified their holdings of OBIL. NewEdge Advisors LLC increased its stake in shares of US Treasury 12 Month Bill ETF by 6,810.5% in the fourth quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock worth $694,000 after acquiring an additional 13,621 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. grew its stake in US Treasury 12 Month Bill ETF by 76.6% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 27,011 shares of the company’s stock valued at $1,353,000 after purchasing an additional 11,716 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in US Treasury 12 Month Bill ETF by 1.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 137,888 shares of the company’s stock worth $6,921,000 after purchasing an additional 2,154 shares during the last quarter.

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.