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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 398,469 shares, a growth of 131.6% from the June 15th total of 172,069 shares. Based on an average daily volume of 2,225,263 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

US Treasury 3 Month Bill ETF Price Performance

NASDAQ:TBIL traded up $0.01 during mid-day trading on Wednesday, hitting $49.94. 806,201 shares of the company’s stock traded hands, compared to its average volume of 2,150,744. The firm has a 50 day moving average of $49.92 and a two-hundred day moving average of $49.92. US Treasury 3 Month Bill ETF has a 12 month low of $49.83 and a 12 month high of $50.02.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a $0.1469 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in US Treasury 3 Month Bill ETF by 49,050.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after purchasing an additional 151,075 shares during the period. Betterment LLC increased its holdings in shares of US Treasury 3 Month Bill ETF by 4.2% during the 2nd quarter. Betterment LLC now owns 26,705 shares of the company’s stock worth $1,335,000 after purchasing an additional 1,072 shares during the period. Captrust Financial Advisors increased its holdings in shares of US Treasury 3 Month Bill ETF by 4,270.3% during the 2nd quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock worth $9,395,000 after purchasing an additional 183,624 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of US Treasury 3 Month Bill ETF during the third quarter valued at about $2,490,000. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of US Treasury 3 Month Bill ETF by 3.5% in the third quarter. Integrated Wealth Concepts LLC now owns 490,591 shares of the company’s stock valued at $24,530,000 after buying an additional 16,533 shares during the period.

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.