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

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 27,200 shares, a drop of 23.8% from the October 15th total of 35,700 shares. Based on an average daily volume of 139,000 shares, the short-interest ratio is presently 0.2 days.

US Treasury 6 Month Bill ETF Stock Performance

XBIL stock opened at $50.09 on Friday. The firm has a 50 day moving average of $50.10 and a 200-day moving average of $50.04. US Treasury 6 Month Bill ETF has a 12-month low of $49.83 and a 12-month high of $50.21.

US Treasury 6 Month Bill ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were given a dividend of $0.1763 per share. The ex-dividend date was Friday, November 1st. This represents a $2.12 dividend on an annualized basis and a yield of 4.22%.

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

Several hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC grew its position in US Treasury 6 Month Bill ETF by 72.6% during the first quarter. Flow Traders U.S. LLC now owns 64,133 shares of the company’s stock valued at $3,214,000 after acquiring an additional 26,976 shares during the period. Trivant Custom Portfolio Group LLC increased its holdings in US Treasury 6 Month Bill ETF by 140.4% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 1,207 shares of the company’s stock worth $60,000 after purchasing an additional 705 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of US Treasury 6 Month Bill ETF by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock worth $834,000 after buying an additional 867 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of US Treasury 6 Month Bill ETF in the 2nd quarter valued at about $426,000. Finally, PVG Asset Management Corp acquired a new stake in US Treasury 6 Month Bill ETF during the second quarter valued at approximately $473,000.

About US Treasury 6 Month Bill ETF

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.