Short Interest in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Declines By 23.8%

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

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Institutional investors have recently added to or reduced their stakes in the stock. Trivant Custom Portfolio Group LLC increased its holdings in shares of 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 buying an additional 705 shares during the last quarter. 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. Zions Bancorporation N.A. purchased a new stake in US Treasury 6 Month Bill ETF in the 2nd quarter valued at about $426,000. PVG Asset Management Corp acquired a new position in US Treasury 6 Month Bill ETF in the second quarter valued at about $473,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of US Treasury 6 Month Bill ETF during the third quarter valued at about $828,000.

US Treasury 6 Month Bill ETF Stock Performance

Shares of XBIL opened at $50.09 on Friday. The stock has a 50 day moving average price of $50.10 and a 200 day moving average price of $50.04. US Treasury 6 Month Bill ETF has a one year low of $49.83 and a one year high of $50.21.

US Treasury 6 Month Bill ETF Dividend Announcement

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