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

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw an uptick in trading volume on Tuesday . 226,885 shares were traded during trading, an increase of 70% from the previous session’s volume of 133,422 shares.The stock last traded at $50.02 and had previously closed at $50.03.

US Treasury 6 Month Bill ETF Stock Performance

The business has a 50-day simple moving average of $50.10 and a 200 day simple moving average of $50.04.

US Treasury 6 Month Bill ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were paid a $0.1763 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.12 annualized dividend and a yield of 4.23%.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its position in shares of US Treasury 6 Month Bill ETF by 72.6% in the 1st quarter. Flow Traders U.S. LLC now owns 64,133 shares of the company’s stock worth $3,214,000 after buying an additional 26,976 shares during the period. Trivant Custom Portfolio Group LLC grew its holdings in US Treasury 6 Month Bill ETF by 140.4% in the second quarter. Trivant Custom Portfolio Group LLC now owns 1,207 shares of the company’s stock worth $60,000 after purchasing an additional 705 shares during the period. Bank of New York Mellon Corp grew its holdings in US Treasury 6 Month Bill ETF by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock worth $834,000 after purchasing an additional 867 shares during the period. Zions Bancorporation N.A. bought a new position in shares of US Treasury 6 Month Bill ETF during the second quarter valued at approximately $426,000. Finally, PVG Asset Management Corp purchased a new position in shares of US Treasury 6 Month Bill ETF during the second quarter valued at approximately $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.