US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Large Growth in Short Interest

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 28,100 shares, an increase of 82.5% from the August 31st total of 15,400 shares. Based on an average daily trading volume, of 133,600 shares, the days-to-cover ratio is presently 0.2 days.

US Treasury 6 Month Bill ETF Stock Performance

Shares of NASDAQ:XBIL opened at $50.18 on Thursday. US Treasury 6 Month Bill ETF has a 52-week low of $49.83 and a 52-week high of $50.30. The business has a fifty day moving average of $50.08 and a two-hundred day moving average of $50.03.

US Treasury 6 Month Bill ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, September 3rd were issued a $0.2093 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.51 annualized dividend and a yield of 5.00%.

Institutional Trading of US Treasury 6 Month Bill ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC grew its position in US Treasury 6 Month Bill ETF by 178.9% in the first quarter. Trivant Custom Portfolio Group LLC now owns 502 shares of the company’s stock worth $25,000 after acquiring an additional 322 shares during the period. Zions Bancorporation N.A. acquired a new stake in shares of US Treasury 6 Month Bill ETF during the 2nd quarter worth about $426,000. PVG Asset Management Corp acquired a new stake in shares of US Treasury 6 Month Bill ETF during the 2nd quarter worth about $473,000. Bank of New York Mellon Corp raised its holdings in US Treasury 6 Month Bill ETF by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock valued at $834,000 after buying an additional 867 shares during the period. Finally, Flow Traders U.S. LLC lifted its position in US Treasury 6 Month Bill ETF by 72.6% in the first quarter. Flow Traders U.S. LLC now owns 64,133 shares of the company’s stock valued at $3,214,000 after buying an additional 26,976 shares during the last quarter.

US Treasury 6 Month Bill ETF Company Profile

The US Treasury 6 Month Bill ETF (XBIL) is an exchange-traded fund that is based on the ICE BofA US 6-Month Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 6-month US Treasury Bill. The fund is designed for those specifically required to track the 6-month tenor on the yield curve.