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

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 38,100 shares, a growth of 22.9% from the February 13th total of 31,000 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 151,200 shares, the days-to-cover ratio is currently 0.3 days.

US Treasury 6 Month Bill ETF Stock Performance

Shares of US Treasury 6 Month Bill ETF stock opened at $50.10 on Tuesday. The business has a 50-day moving average of $50.10 and a 200 day moving average of $50.10. US Treasury 6 Month Bill ETF has a 12 month low of $49.83 and a 12 month high of $50.21.

US Treasury 6 Month Bill ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were issued a dividend of $0.1739 per share. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Several hedge funds and other institutional investors have recently made changes to their positions in XBIL. Farther Finance Advisors LLC purchased a new position in shares of US Treasury 6 Month Bill ETF in the 4th quarter valued at about $1,135,000. Janney Montgomery Scott LLC boosted its stake in shares of US Treasury 6 Month Bill ETF by 82.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock valued at $4,438,000 after buying an additional 40,123 shares during the period. Copia Wealth Management purchased a new position in shares of US Treasury 6 Month Bill ETF in the 4th quarter valued at about $4,851,000. Finally, 49 Wealth Management LLC boosted its stake in shares of US Treasury 6 Month Bill ETF by 14.4% in the 3rd quarter. 49 Wealth Management LLC now owns 188,672 shares of the company’s stock valued at $9,471,000 after buying an additional 23,792 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.