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

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

US Treasury 6 Month Bill ETF Stock Performance

Shares of XBIL traded up $0.02 on Wednesday, reaching $50.10. 24,040 shares of the stock traded hands, compared to its average volume of 124,333. The stock’s 50-day moving average price is $50.08 and its 200-day moving average price is $50.10. US Treasury 6 Month Bill ETF has a 12 month low of $49.99 and a 12 month high of $50.22.

US Treasury 6 Month Bill ETF Increases Dividend

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

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in shares of 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 in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of US Treasury 6 Month Bill ETF during the 1st quarter valued at about $504,000. Marshall & Sterling Wealth Advisors Inc. boosted its position in shares of 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 in the last quarter. Harbor Investment Advisory LLC increased its stake in US Treasury 6 Month Bill ETF by 86.0% in the fourth 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 period. Finally, Alpine Bank Wealth Management raised its position in US Treasury 6 Month Bill ETF by 133.5% in the fourth 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 in the last quarter.

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.