US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Large Decline in Short Interest

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 35,700 shares, a decrease of 72.8% from the September 30th total of 131,100 shares. Based on an average daily volume of 135,300 shares, the days-to-cover ratio is currently 0.3 days.

US Treasury 6 Month Bill ETF Price Performance

XBIL traded up $0.02 during midday trading on Friday, reaching $50.15. 118,031 shares of the company were exchanged, compared to its average volume of 130,244. US Treasury 6 Month Bill ETF has a one year low of $49.83 and a one year high of $50.21. The stock’s 50-day simple moving average is $50.10 and its 200 day simple moving average is $50.04.

US Treasury 6 Month Bill ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were paid a dividend of $0.193 per share. This represents a $2.32 annualized dividend and a yield of 4.62%. The ex-dividend date was Tuesday, October 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. PVG Asset Management Corp acquired a new stake in US Treasury 6 Month Bill ETF during the 2nd quarter worth $473,000. Zions Bancorporation N.A. bought a new position in shares of US Treasury 6 Month Bill ETF during the 2nd quarter valued at about $426,000. Bank of New York Mellon Corp lifted its holdings in shares of US Treasury 6 Month Bill ETF by 5.5% during the 2nd 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 in the last quarter. Trivant Custom Portfolio Group LLC grew its position in shares of US Treasury 6 Month Bill ETF by 140.4% in the 2nd 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 period. Finally, Flow Traders U.S. LLC increased its stake 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 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.