US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Short Interest Up 24.5% in March

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 37,100 shares, a growth of 24.5% from the March 15th total of 29,800 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 182,900 shares, the short-interest ratio is presently 0.2 days.

US Treasury 6 Month Bill ETF Price Performance

Shares of NASDAQ XBIL opened at $50.13 on Monday. US Treasury 6 Month Bill ETF has a fifty-two week low of $49.87 and a fifty-two week high of $50.21. The business has a 50-day simple moving average of $50.10 and a two-hundred day simple moving average of $50.10.

US Treasury 6 Month Bill ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.1737 per share. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. raised its stake in US Treasury 6 Month Bill ETF by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $50,000 after acquiring an additional 999 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in US Treasury 6 Month Bill ETF in the fourth quarter valued at approximately $1,135,000. Janney Montgomery Scott LLC increased its holdings in US Treasury 6 Month Bill ETF by 82.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock worth $4,438,000 after buying an additional 40,123 shares during the period. 49 Wealth Management LLC lifted its stake in US Treasury 6 Month Bill ETF by 46.9% during 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 period. Finally, Copia Wealth Management acquired a new stake in shares of US Treasury 6 Month Bill ETF in the fourth quarter worth $4,851,000.

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.