US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Unusually-High Trading Volume – Here’s Why

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw an uptick in trading volume on Monday . 239,106 shares changed hands during trading, an increase of 76% from the previous session’s volume of 135,788 shares.The stock last traded at $50.05 and had previously closed at $50.05.

US Treasury 6 Month Bill ETF Stock Down 0.0%

The firm’s 50 day moving average price is $50.10 and its two-hundred day moving average price is $50.12.

US Treasury 6 Month Bill ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 29th. Investors of record on Tuesday, April 28th were issued a $0.1494 dividend. This is a boost from US Treasury 6 Month Bill ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, April 28th.

Institutional Investors 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. Alpine Bank Wealth Management raised its position 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 purchasing an additional 53,215 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of US Treasury 6 Month Bill ETF during the 3rd quarter worth $754,000. Ibex Wealth Advisors purchased a new position in shares of US Treasury 6 Month Bill ETF during the 1st quarter worth $504,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of US Treasury 6 Month Bill ETF by 8.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 124,573 shares of the company’s stock worth $6,253,000 after purchasing an additional 9,831 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.