US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Significant Increase in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 34,300 shares, a growth of 115.7% from the February 28th total of 15,900 shares. Based on an average daily trading volume, of 42,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the company are short sold.

US Treasury 12 Month Bill ETF Stock Up 0.1 %

OBIL stock traded up $0.04 during trading on Friday, reaching $50.20. 35,765 shares of the stock were exchanged, compared to its average volume of 41,854. US Treasury 12 Month Bill ETF has a twelve month low of $49.65 and a twelve month high of $50.31. The stock has a 50 day simple moving average of $50.11 and a 200-day simple moving average of $50.10.

US Treasury 12 Month Bill ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were given a $0.1698 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Trading of US Treasury 12 Month Bill ETF

Institutional investors and hedge funds have recently modified their holdings of the company. 49 Wealth Management LLC lifted its position in US Treasury 12 Month Bill ETF by 27.9% in the fourth quarter. 49 Wealth Management LLC now owns 276,194 shares of the company’s stock worth $13,826,000 after purchasing an additional 60,297 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in shares of US Treasury 12 Month Bill ETF by 22.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 86,109 shares of the company’s stock valued at $4,311,000 after buying an additional 15,985 shares in the last quarter. Crews Bank & Trust bought a new position in shares of US Treasury 12 Month Bill ETF during the 4th quarter worth about $160,000. Finally, Wealthquest Corp boosted its position in shares of US Treasury 12 Month Bill ETF by 4.9% during the 4th quarter. Wealthquest Corp now owns 700,602 shares of the company’s stock valued at $35,072,000 after acquiring an additional 32,689 shares in 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.