US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Significant Increase in Short Interest

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 69,900 shares, an increase of 547.2% from the December 31st total of 10,800 shares. Based on an average daily volume of 143,300 shares, the short-interest ratio is presently 0.5 days.

US Treasury 6 Month Bill ETF Stock Performance

NASDAQ:XBIL opened at $50.19 on Wednesday. US Treasury 6 Month Bill ETF has a fifty-two week low of $49.83 and a fifty-two week high of $50.21. The firm has a 50-day simple moving average of $50.10 and a two-hundred day simple moving average of $50.09.

US Treasury 6 Month Bill ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were given a dividend of $0.1796 per share. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XBIL. 49 Wealth Management LLC increased its holdings in shares of US Treasury 6 Month Bill ETF by 14.4% in the 3rd quarter. 49 Wealth Management LLC now owns 188,672 shares of the company’s stock worth $9,471,000 after purchasing an additional 23,792 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of US Treasury 6 Month Bill ETF by 82.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock valued at $4,438,000 after buying an additional 40,123 shares during the last quarter. GoalVest Advisory LLC bought a new stake in US Treasury 6 Month Bill ETF in the 3rd quarter worth about $828,000. Finally, PVG Asset Management Corp purchased a new position in US Treasury 6 Month Bill ETF in the 2nd quarter worth about $473,000.

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.