Short Interest in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Declines By 16.7%

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 13,500 shares, a drop of 16.7% from the June 30th total of 16,200 shares. Based on an average daily volume of 131,000 shares, the days-to-cover ratio is presently 0.1 days.

US Treasury 6 Month Bill ETF Trading Up 0.0 %

NASDAQ:XBIL opened at $50.10 on Monday. US Treasury 6 Month Bill ETF has a twelve month low of $49.83 and a twelve month high of $50.30. The stock has a fifty day simple moving average of $50.00 and a 200-day simple moving average of $50.02.

US Treasury 6 Month Bill ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, July 1st were paid a dividend of $0.2186 per share. The ex-dividend date was Monday, July 1st. This represents a $2.62 annualized dividend and a dividend yield of 5.24%.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Several institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of US Treasury 6 Month Bill ETF by 1,533.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 148,131 shares of the company’s stock valued at $7,402,000 after buying an additional 139,063 shares during the period. Flow Traders U.S. LLC grew its stake in US Treasury 6 Month Bill ETF by 72.6% in the first quarter. Flow Traders U.S. LLC now owns 64,133 shares of the company’s stock valued at $3,214,000 after purchasing an additional 26,976 shares during the last quarter. Bank of New York Mellon Corp grew its stake in US Treasury 6 Month Bill ETF by 5.5% in the second 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 last quarter. Eldridge Investment Advisors Inc. purchased a new position in US Treasury 6 Month Bill ETF in the fourth quarter valued at about $652,000. Finally, Trivant Custom Portfolio Group LLC grew its stake in US Treasury 6 Month Bill ETF by 140.4% in the second quarter. Trivant Custom Portfolio Group LLC now owns 1,207 shares of the company’s stock valued at $60,000 after purchasing an additional 705 shares during the last quarter.

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.