Short Interest in US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Grows By 115.7%

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a significant growth in short interest in 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. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 42,300 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wealthquest Corp raised its stake in US Treasury 12 Month Bill ETF by 3.4% during the 3rd quarter. Wealthquest Corp now owns 667,913 shares of the company’s stock worth $33,472,000 after acquiring an additional 21,813 shares during the period. Crews Bank & Trust purchased a new stake in shares of US Treasury 12 Month Bill ETF in the fourth quarter worth $160,000. Nations Financial Group Inc. IA ADV raised its position in shares of US Treasury 12 Month Bill ETF by 22.8% during 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 purchasing an additional 15,985 shares during the period. Finally, 49 Wealth Management LLC lifted its stake in shares of US Treasury 12 Month Bill ETF by 27.9% during the 4th quarter. 49 Wealth Management LLC now owns 276,194 shares of the company’s stock valued at $13,826,000 after buying an additional 60,297 shares in the last quarter.

US Treasury 12 Month Bill ETF Trading Up 0.1 %

Shares of US Treasury 12 Month Bill ETF stock traded up $0.04 on Friday, hitting $50.20. 35,765 shares of the company’s stock were exchanged, compared to its average volume of 41,854. US Treasury 12 Month Bill ETF has a 1 year low of $49.65 and a 1 year high of $50.31. The company 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 business also recently disclosed a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were paid a $0.1698 dividend. The ex-dividend date was Monday, March 3rd.

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.