US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Short Interest Down 72.8% in October

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 35,700 shares, a decline of 72.8% from the September 30th total of 131,100 shares. Based on an average daily trading volume, of 135,300 shares, the days-to-cover ratio is presently 0.3 days.

US Treasury 6 Month Bill ETF Price Performance

NASDAQ XBIL traded up $0.02 during trading on Friday, reaching $50.15. The company’s stock had a trading volume of 1,933 shares, compared to its average volume of 129,685. US Treasury 6 Month Bill ETF has a 1-year low of $49.83 and a 1-year high of $50.21. The business has a 50-day moving average price of $50.10 and a 200-day moving average price of $50.04.

US Treasury 6 Month Bill ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were issued a dividend of $0.193 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Tuesday, October 1st.

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

A number of hedge funds have recently bought and sold shares of XBIL. Trivant Custom Portfolio Group LLC raised its holdings in shares of US Treasury 6 Month Bill ETF by 178.9% in the first quarter. Trivant Custom Portfolio Group LLC now owns 502 shares of the company’s stock valued at $25,000 after buying an additional 322 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of US Treasury 6 Month Bill ETF in the 2nd quarter valued at about $426,000. PVG Asset Management Corp bought a new stake in shares of US Treasury 6 Month Bill ETF during the 2nd quarter valued at $473,000. Bank of New York Mellon Corp lifted its stake in shares of US Treasury 6 Month Bill ETF by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock valued at $834,000 after purchasing an additional 867 shares during the period. Finally, Flow Traders U.S. LLC boosted its position in shares of US Treasury 6 Month Bill ETF by 72.6% in the 1st quarter. Flow Traders U.S. LLC now owns 64,133 shares of the company’s stock worth $3,214,000 after purchasing an additional 26,976 shares during 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.