US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Short Interest Down 42.7% in May

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 57,128 shares, a drop of 42.7% from the April 30th total of 99,672 shares. Based on an average daily volume of 129,156 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

US Treasury 6 Month Bill ETF Price Performance

Shares of XBIL traded down $0.01 on Tuesday, hitting $50.02. 126,446 shares of the stock traded hands, compared to its average volume of 133,572. US Treasury 6 Month Bill ETF has a one year low of $49.98 and a one year high of $50.22. The business has a 50 day simple moving average of $50.10 and a 200 day simple moving average of $50.11.

US Treasury 6 Month Bill ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 28th were issued a $0.1473 dividend. The ex-dividend date was Thursday, May 28th.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its position in US Treasury 6 Month Bill ETF by 7.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 133,576 shares of the company’s stock worth $6,688,000 after purchasing an additional 9,003 shares during the period. Alpine Bank Wealth Management grew its position in US Treasury 6 Month Bill ETF by 133.5% in the 4th 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 during the period. Harbor Investment Advisory LLC grew its position in US Treasury 6 Month Bill ETF by 7.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 30,057 shares of the company’s stock worth $1,504,000 after purchasing an additional 2,125 shares during the period. Marshall & Sterling Wealth Advisors Inc. grew its position in US Treasury 6 Month Bill ETF by 52.5% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock worth $1,060,000 after purchasing an additional 7,295 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in US Treasury 6 Month Bill ETF in the 1st quarter worth approximately $504,000.

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. XBIL was launched on Mar 7, 2023 and is managed by F/m Investments.