Short Interest in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Decreases By 49.3%

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 22,800 shares, a drop of 49.3% from the May 15th total of 45,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 189,900 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Hedge funds have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of US Treasury 6 Month Bill ETF in the 1st quarter valued at $31,000. NBC Securities Inc. increased its holdings in shares of US Treasury 6 Month Bill ETF by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock valued at $50,000 after acquiring an additional 999 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of US Treasury 6 Month Bill ETF in the 4th quarter valued at $1,135,000. Alpine Bank Wealth Management acquired a new position in shares of US Treasury 6 Month Bill ETF in the 1st quarter valued at $4,316,000. Finally, Copia Wealth Management acquired a new position in shares of US Treasury 6 Month Bill ETF in the 4th quarter valued at $4,851,000.

US Treasury 6 Month Bill ETF Price Performance

Shares of XBIL stock opened at $50.06 on Monday. The stock’s 50-day moving average is $50.08 and its two-hundred day moving average is $50.09. US Treasury 6 Month Bill ETF has a 1 year low of $49.87 and a 1 year high of $50.21.

US Treasury 6 Month Bill ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, June 2nd were issued a dividend of $0.1704 per share. This is a positive change from US Treasury 6 Month Bill ETF’s previous dividend of $0.17. The ex-dividend date was Monday, June 2nd.

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.