US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Short Interest Update

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the target of a significant 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 short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of US Treasury 6 Month Bill ETF by 1,522.9% during the first quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock worth $270,000 after purchasing an additional 5,056 shares during the period. Ibex Wealth Advisors acquired a new stake in shares of US Treasury 6 Month Bill ETF in the 1st quarter valued at $504,000. Marshall & Sterling Wealth Advisors Inc. lifted its stake in shares of 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 acquiring an additional 7,295 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of US Treasury 6 Month Bill ETF by 86.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 27,932 shares of the company’s stock valued at $1,399,000 after acquiring an additional 12,911 shares during the last quarter. Finally, Alpine Bank Wealth Management lifted its stake in shares of 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 valued at $4,660,000 after acquiring an additional 53,215 shares during the last quarter.

US Treasury 6 Month Bill ETF Trading Up 0.0%

US Treasury 6 Month Bill ETF stock traded up $0.01 during midday trading on Thursday, reaching $50.05. 17,742 shares of the company’s stock were exchanged, compared to its average volume of 131,756. US Treasury 6 Month Bill ETF has a 52 week low of $49.98 and a 52 week high of $50.22. The stock’s 50-day simple moving average is $50.09 and its 200 day simple moving average is $50.11.

US Treasury 6 Month Bill ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were issued a $0.1473 dividend. The ex-dividend date of this dividend was Thursday, May 28th.

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.