US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Large Volume Increase – What’s Next?

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw strong trading volume on Wednesday . 449,231 shares changed hands during mid-day trading, an increase of 160% from the previous session’s volume of 173,052 shares.The stock last traded at $50.02 and had previously closed at $50.01.

US Treasury 6 Month Bill ETF Stock Performance

The company’s 50 day moving average price is $50.11 and its two-hundred day moving average price is $50.10.

US Treasury 6 Month Bill ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.1737 per share. The ex-dividend date of this dividend is Tuesday, April 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Copia Wealth Management bought a new position in US Treasury 6 Month Bill ETF during the fourth quarter valued at $4,851,000. 49 Wealth Management LLC lifted its holdings in shares of US Treasury 6 Month Bill ETF by 46.9% in the 4th quarter. 49 Wealth Management LLC now owns 277,181 shares of the company’s stock valued at $13,869,000 after acquiring an additional 88,509 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of US Treasury 6 Month Bill ETF in the 4th quarter valued at about $1,135,000. Finally, Janney Montgomery Scott LLC grew its position in US Treasury 6 Month Bill ETF by 82.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock worth $4,438,000 after acquiring an additional 40,123 shares in 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.