US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Short Interest Down 52.2% in December

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 10,800 shares, a drop of 52.2% from the November 30th total of 22,600 shares. Based on an average trading volume of 146,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position 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 acquiring an additional 867 shares in the last quarter. Zions Bancorporation N.A. bought a new position in US Treasury 6 Month Bill ETF in the 2nd quarter valued at $426,000. PVG Asset Management Corp purchased a new position in shares of US Treasury 6 Month Bill ETF in the 2nd quarter worth about $473,000. GoalVest Advisory LLC purchased a new stake in US Treasury 6 Month Bill ETF during the third quarter worth about $828,000. Finally, 49 Wealth Management LLC boosted its stake in US Treasury 6 Month Bill ETF by 14.4% in the third quarter. 49 Wealth Management LLC now owns 188,672 shares of the company’s stock valued at $9,471,000 after acquiring an additional 23,792 shares during the last quarter.

US Treasury 6 Month Bill ETF Stock Performance

NASDAQ XBIL opened at $50.17 on Friday. The firm has a 50-day moving average of $50.10 and a 200-day moving average of $50.07. US Treasury 6 Month Bill ETF has a 52-week low of $49.83 and a 52-week high of $50.21.

US Treasury 6 Month Bill ETF Announces Dividend

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

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.