US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Strong Trading Volume – Here’s What Happened

Shares of US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw unusually-high trading volume on Thursday . Approximately 218,315 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 119,624 shares.The stock last traded at $50.09 and had previously closed at $50.09.

US Treasury 6 Month Bill ETF Trading Up 0.0%

The company has a fifty day simple moving average of $50.11 and a two-hundred day simple moving average of $50.12.

US Treasury 6 Month Bill ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a $0.1463 dividend. The ex-dividend date was Thursday, February 26th.

Institutional Trading of US Treasury 6 Month Bill ETF

A number of institutional investors have recently bought and sold shares of XBIL. Integrated Wealth Concepts LLC lifted its stake in shares of 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 valued at $6,688,000 after purchasing an additional 9,003 shares during the period. Alpine Bank Wealth Management lifted its stake in US Treasury 6 Month Bill ETF by 133.5% in the fourth quarter. Alpine Bank Wealth Management now owns 93,065 shares of the company’s stock valued at $4,660,000 after buying an additional 53,215 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in US Treasury 6 Month Bill ETF by 86.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 27,932 shares of the company’s stock worth $1,399,000 after buying an additional 12,911 shares during 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. XBIL was launched on Mar 7, 2023 and is managed by F/m Investments.