Short Interest in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Drops By 72.8%

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 35,700 shares, a decrease of 72.8% from the September 30th total of 131,100 shares. Based on an average trading volume of 135,300 shares, the short-interest ratio is currently 0.3 days.

US Treasury 6 Month Bill ETF Stock Up 0.0 %

US Treasury 6 Month Bill ETF stock opened at $50.15 on Friday. US Treasury 6 Month Bill ETF has a one year low of $49.83 and a one year high of $50.21. The business has a fifty day moving average price of $50.10 and a 200-day moving average price of $50.04.

US Treasury 6 Month Bill ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were given a $0.193 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.62%.

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

Several hedge funds have recently bought and sold shares of the stock. Trivant Custom Portfolio Group LLC grew its holdings in shares of US Treasury 6 Month Bill ETF by 178.9% during the 1st quarter. Trivant Custom Portfolio Group LLC now owns 502 shares of the company’s stock valued at $25,000 after purchasing an additional 322 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of US Treasury 6 Month Bill ETF in the 2nd quarter worth approximately $426,000. PVG Asset Management Corp bought a new position in shares of US Treasury 6 Month Bill ETF in the 2nd quarter worth about $473,000. Bank of New York Mellon Corp increased its position in US Treasury 6 Month Bill ETF by 5.5% during 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 in the last quarter. Finally, Flow Traders U.S. LLC grew its position in US Treasury 6 Month Bill ETF by 72.6% during the 1st quarter. Flow Traders U.S. LLC now owns 64,133 shares of the company’s stock valued at $3,214,000 after purchasing 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.