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

US Treasury 6 Month Bill ETF (NASDAQ:XBILGet Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 57,128 shares, a drop of 42.7% from the April 30th total of 99,672 shares. Based on an average daily volume of 129,156 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

US Treasury 6 Month Bill ETF Trading Up 0.0%

Shares of XBIL traded up $0.02 during midday trading on Wednesday, hitting $50.05. 34,835 shares of the company traded hands, compared to its average volume of 132,681. US Treasury 6 Month Bill ETF has a one year low of $49.98 and a one year high of $50.22. The stock has a 50-day moving average of $50.10 and a 200-day moving average of $50.11.

US Treasury 6 Month Bill ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.1473 per share. The ex-dividend date of this dividend was Thursday, May 28th.

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in US Treasury 6 Month Bill ETF by 7.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 133,576 shares of the company’s stock worth $6,688,000 after buying an additional 9,003 shares during the last quarter. Alpine Bank Wealth Management raised its position in US Treasury 6 Month Bill ETF by 133.5% in the 4th quarter. Alpine Bank Wealth Management now owns 93,065 shares of the company’s stock worth $4,660,000 after purchasing an additional 53,215 shares during the period. Harbor Investment Advisory LLC lifted its stake in US Treasury 6 Month Bill ETF by 7.6% in the first quarter. Harbor Investment Advisory LLC now owns 30,057 shares of the company’s stock worth $1,504,000 after purchasing an additional 2,125 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in US Treasury 6 Month Bill ETF by 52.5% during the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock valued at $1,060,000 after acquiring an additional 7,295 shares during the period. Finally, Ibex Wealth Advisors purchased a new stake in shares of US Treasury 6 Month Bill ETF during the first quarter valued at approximately $504,000.

US Treasury 6 Month Bill ETF Company Profile

(Get Free Report)

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. XBIL was launched on Mar 7, 2023 and is managed by F/m Investments.

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