US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Shares Shorted: Short Interest Down 55.1% in October

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 527,163 shares, a drop of 55.1% from the September 30th total of 1,173,732 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,485,599 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of US Treasury 3 Month Bill ETF

Several institutional investors have recently modified their holdings of the company. Fifth Third Securities Inc. acquired a new position in shares of US Treasury 3 Month Bill ETF in the 3rd quarter valued at $1,888,000. Alpine Bank Wealth Management increased its stake in US Treasury 3 Month Bill ETF by 198.2% in the third quarter. Alpine Bank Wealth Management now owns 872,100 shares of the company’s stock valued at $43,474,000 after acquiring an additional 579,652 shares during the period. Capital Square LLC bought a new stake in US Treasury 3 Month Bill ETF in the second quarter valued at about $643,000. Kingswood Wealth Advisors LLC raised its position in US Treasury 3 Month Bill ETF by 53.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 162,284 shares of the company’s stock worth $8,090,000 after purchasing an additional 56,548 shares in the last quarter. Finally, Roxbury Financial LLC raised its position in US Treasury 3 Month Bill ETF by 6.4% in the third quarter. Roxbury Financial LLC now owns 7,482 shares of the company’s stock worth $373,000 after purchasing an additional 452 shares in the last quarter.

US Treasury 3 Month Bill ETF Stock Performance

NASDAQ TBIL opened at $49.85 on Friday. The company’s fifty day moving average is $49.92 and its two-hundred day moving average is $49.92. US Treasury 3 Month Bill ETF has a 52-week low of $49.82 and a 52-week high of $50.02.

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.