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

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw unusually-strong trading volume on Tuesday . Approximately 226,885 shares changed hands 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 two-hundred day simple moving average of $50.04.

US Treasury 6 Month Bill ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC boosted its holdings in 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 valued at $3,214,000 after purchasing an additional 26,976 shares in the last quarter. PVG Asset Management Corp acquired a new stake in shares of US Treasury 6 Month Bill ETF in the 2nd quarter valued at approximately $473,000. Zions Bancorporation N.A. purchased a new stake in shares of US Treasury 6 Month Bill ETF in the second quarter valued at approximately $426,000. Bank of New York Mellon Corp grew its holdings in US Treasury 6 Month Bill ETF by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock worth $834,000 after acquiring an additional 867 shares during the period. Finally, GoalVest Advisory LLC purchased a new position in US Treasury 6 Month Bill ETF in the third quarter worth $828,000.

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.