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

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

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

A number of institutional investors and hedge funds have recently bought and sold shares of XBIL. Bank of New York Mellon Corp lifted 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 buying an additional 867 shares during the last quarter. Trivant Custom Portfolio Group LLC boosted its stake in US Treasury 6 Month Bill ETF by 140.4% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 1,207 shares of the company’s stock worth $60,000 after purchasing an additional 705 shares during the period. Flow Traders U.S. LLC grew its position in US Treasury 6 Month Bill ETF by 72.6% during 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. Janney Montgomery Scott LLC increased its stake in US Treasury 6 Month Bill ETF by 1,533.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 148,131 shares of the company’s stock valued at $7,402,000 after purchasing an additional 139,063 shares during the period. Finally, Eldridge Investment Advisors Inc. purchased a new stake in shares of US Treasury 6 Month Bill ETF in the fourth quarter valued at about $652,000.

US Treasury 6 Month Bill ETF Stock Performance

Shares of US Treasury 6 Month Bill ETF stock opened at $50.10 on Tuesday. US Treasury 6 Month Bill ETF has a 52 week low of $49.83 and a 52 week high of $50.30. The firm’s 50 day moving average is $50.00 and its two-hundred day moving average is $50.02.

US Treasury 6 Month Bill ETF Dividend Announcement

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

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.