US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Large Volume Increase – Time to Buy?

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) shares saw an uptick in trading volume on Wednesday . 248,547 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 156,517 shares.The stock last traded at $50.13 and had previously closed at $50.12.

US Treasury 6 Month Bill ETF Price Performance

The firm has a fifty day moving average of $50.13 and a 200-day moving average of $50.10.

US Treasury 6 Month Bill ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, November 4th. Stockholders of record on Monday, November 3rd were given a dividend of $0.1536 per share. The ex-dividend date of this dividend was Monday, November 3rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC bought a new position in shares of US Treasury 6 Month Bill ETF in the third quarter worth $754,000. Alpine Bank Wealth Management lifted its holdings in US Treasury 6 Month Bill ETF by 110.8% in the third quarter. Alpine Bank Wealth Management now owns 39,850 shares of the company’s stock worth $2,000,000 after purchasing an additional 20,945 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in US Treasury 6 Month Bill ETF by 26.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 105,305 shares of the company’s stock valued at $5,283,000 after buying an additional 22,007 shares in the last quarter.

US Treasury 6 Month Bill ETF Company Profile

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.