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

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) shares saw strong trading volume on Friday . 89,079 shares changed hands during mid-day trading, a decline of 41% from the previous session’s volume of 150,775 shares.The stock last traded at $50.21 and had previously closed at $50.19.

US Treasury 6 Month Bill ETF Stock Up 0.0%

The firm’s 50-day moving average price is $50.14 and its 200-day moving average price is $50.11.

US Treasury 6 Month Bill ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 3rd. Investors of record on Tuesday, December 2nd were issued a dividend of $0.153 per share. The ex-dividend date of this dividend was Tuesday, December 2nd.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC lifted its holdings in US Treasury 6 Month Bill ETF by 8.6% in the third quarter. Integrated Wealth Concepts LLC now owns 124,573 shares of the company’s stock worth $6,253,000 after acquiring an additional 9,831 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in US Treasury 6 Month Bill ETF during the 3rd quarter worth $754,000. Finally, Alpine Bank Wealth Management lifted its stake 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 valued at $2,000,000 after buying an additional 20,945 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.