US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Large Volume Increase – Here’s What Happened

Shares of US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw an uptick in trading volume on Wednesday. 180,847 shares traded hands during trading, an increase of 54% from the average daily volume of 117,716 shares. The stock last traded at $50.0350 and had previously closed at $50.04.

US Treasury 6 Month Bill ETF Stock Down 0.0%

The firm has a fifty day simple moving average of $50.05 and a 200 day simple moving average of $50.08.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Alpine Bank Wealth Management lifted its position in US Treasury 6 Month Bill ETF by 10.6% in the third quarter. Alpine Bank Wealth Management now owns 163,512 shares of the company’s stock worth $8,172,000 after purchasing an additional 15,642 shares during the period. Harbor Investment Advisory LLC boosted its stake in US Treasury 6 Month Bill ETF by 17.5% during the second quarter. Harbor Investment Advisory LLC now owns 35,305 shares of the company’s stock worth $1,765,000 after buying an additional 5,248 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. increased its holdings in US Treasury 6 Month Bill ETF by 52.5% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock valued at $1,060,000 after buying an additional 7,295 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in US Treasury 6 Month Bill ETF by 1,522.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock valued at $270,000 after buying an additional 5,056 shares during the period.

About US Treasury 6 Month Bill ETF

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.