US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Sees Large Decrease in Short Interest

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 15,900 shares, a drop of 73.9% from the February 13th total of 60,900 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 44,700 shares, the short-interest ratio is presently 0.4 days.

US Treasury 12 Month Bill ETF Stock Performance

Shares of US Treasury 12 Month Bill ETF stock opened at $50.13 on Friday. US Treasury 12 Month Bill ETF has a 1 year low of $49.65 and a 1 year high of $50.31. The firm’s 50-day moving average is $50.10 and its two-hundred day moving average is $50.09.

US Treasury 12 Month Bill ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Crews Bank & Trust purchased a new position in US Treasury 12 Month Bill ETF in the 4th quarter valued at $160,000. Nations Financial Group Inc. IA ADV increased its stake in 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 worth $4,311,000 after buying an additional 15,985 shares during the period. Wealthquest Corp raised its holdings in US Treasury 12 Month Bill ETF by 3.4% in the third quarter. Wealthquest Corp now owns 667,913 shares of the company’s stock valued at $33,472,000 after acquiring an additional 21,813 shares in the last quarter. GoalVest Advisory LLC purchased a new position in US Treasury 12 Month Bill ETF in the third quarter valued at approximately $1,357,000. Finally, 49 Wealth Management LLC grew its stake in US Treasury 12 Month Bill ETF by 23.2% during the 3rd quarter. 49 Wealth Management LLC now owns 215,897 shares of the company’s stock worth $10,852,000 after buying an additional 40,632 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.