Short Interest in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Drops By 48.9%

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 41,170 shares, a decline of 48.9% from the June 15th total of 80,640 shares. Based on an average daily trading volume, of 93,054 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

A number of hedge funds have recently bought and sold shares of XBIL. NewEdge Advisors LLC grew its position in shares of US Treasury 6 Month Bill ETF by 1,522.9% in the first quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock valued at $270,000 after purchasing an additional 5,056 shares during the last quarter. Ibex Wealth Advisors acquired a new position in shares of US Treasury 6 Month Bill ETF during the 1st quarter worth about $504,000. Marshall & Sterling Wealth Advisors Inc. boosted its stake 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 purchasing an additional 7,295 shares during the period. Harbor Investment Advisory LLC boosted its stake in US Treasury 6 Month Bill ETF by 86.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 27,932 shares of the company’s stock valued at $1,399,000 after purchasing an additional 12,911 shares during the period. Finally, Alpine Bank Wealth Management boosted its stake in US Treasury 6 Month Bill ETF by 133.5% during the 4th quarter. Alpine Bank Wealth Management now owns 93,065 shares of the company’s stock valued at $4,660,000 after purchasing an additional 53,215 shares during the period.

US Treasury 6 Month Bill ETF Price Performance

Shares of NASDAQ XBIL traded up $0.02 during trading hours on Wednesday, hitting $50.10. 24,040 shares of the stock were exchanged, compared to its average volume of 124,333. The company’s 50 day moving average is $50.08 and its 200 day moving average is $50.10. US Treasury 6 Month Bill ETF has a one year low of $49.99 and a one year high of $50.22.

US Treasury 6 Month Bill ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a dividend of $0.1479 per share. The ex-dividend date of this dividend was Monday, June 29th. This is a positive change from US Treasury 6 Month Bill ETF’s previous dividend of $0.15.

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