Short Interest in US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Declines By 57.7%

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,100 shares, a drop of 57.7% from the February 29th total of 2,600 shares. Based on an average daily trading volume, of 39,000 shares, the short-interest ratio is presently 0.0 days.

US Treasury 12 Month Bill ETF Stock Performance

US Treasury 12 Month Bill ETF stock traded down $0.01 during midday trading on Thursday, reaching $49.96. The stock had a trading volume of 19,210 shares, compared to its average volume of 38,731. US Treasury 12 Month Bill ETF has a 12 month low of $49.66 and a 12 month high of $50.47. The company has a fifty day moving average price of $49.94 and a two-hundred day moving average price of $49.89.

US Treasury 12 Month Bill ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, March 4th were issued a $0.1963 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Friday, March 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Private Trust Co. NA bought a new position in shares of US Treasury 12 Month Bill ETF in the fourth quarter valued at approximately $76,000. Janney Montgomery Scott LLC purchased a new position in US Treasury 12 Month Bill ETF during the third quarter worth about $466,000. Finally, Formidable Asset Management LLC grew its position in US Treasury 12 Month Bill ETF by 118.7% in the 2nd quarter. Formidable Asset Management LLC now owns 10,062 shares of the company’s stock worth $502,000 after purchasing an additional 5,462 shares in the last quarter.

US Treasury 12 Month Bill ETF Company Profile

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.