Zacks Investment ResearchT3·29mo ago
XBIL US Treasury 6 Month Bill ETF
ETF 50.12 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
XBIL
$50.12
—
Key stats
$50.12
After hours
$50.15
+0.06%
- 52-Week Range
- $49.93 – $50.22
- YTD
- +0.08%
- IV Rank (30D)
- 13.98
- Straddle Price
- $0.50
- Open
- $50.10
- Day Range
- $50.10 – $50.12
- Volume
- 150,588
- Prev Close
- $50.10
About
US Treasury 6 Month Bill ETF (XBIL) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2023-03-06
- Has Options
- Yes
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.15% prospectus, filed Jan 5, 2026
- Assets
- $742M SEC filing, May 31, 2026
- Trailing yield
- 3.65% paid monthly
- Average daily volume
- $6.0M 30 sessions
- Holdings
- 2 top 10 are 100.0%
- Listed
- Mar 6, 2023 Nasdaq
Cost70
Liquidity59
Scale69
Diversification0
Stated objective. The investment objective of the F/m US Treasury 6 Month Bill ETF (the F/m UST 6M Bill Fund or the Fund) is to seek investment results that correspond (before fees and expenses) generally to the price and yield performance of the Bloomberg US Treasury Bellwether 6M Total Return USD Unhedged Index (I00088US) (the Underlying Index). (from the fund's prospectus)
All 2 holdingsFlow historyOverlap toolAll Treasury Bills & Floating ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$7.0M latest reported month
- Latest 3 months
- +$3.0M +0.4% of assets
- Latest 12 months
- −$39M −5.3% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$7.0M |
| Apr 2026 | −$18M |
| Mar 2026 | +$28M |
| Feb 2026 | −$17M |
| Jan 2026 | +$7.0M |
| Dec 2025 | −$6.1M |
| Nov 2025 | −$32M |
| Oct 2025 | −$13M |
| Sep 2025 | −$6.0M |
| Aug 2025 | −$6.0M |
| Jul 2025 | +$30M |
| Jun 2025 | +$978K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 39 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SGOViShares 0-3 Month Treasury Bond ETF | — | 0.09% | $116.7B | +0.0% | compare |
| BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF | — | 0.14% | $51.1B | −0.0% | compare |
| SHViShares Trust iShares 0-1 Year Treasury Bond ETF | — | 0.15% | $23.6B | −0.1% | compare |
| USFRWisdomTree Floating Rate Treasury Fund | — | 0.15% | $20.9B | +0.2% | compare |
| VBILVanguard 0-3 Month Treasury Bill ETF | — | 0.06% | $9.3B | +0.2% | compare |
The largest other funds in the Treasury Bills & Floating category.
ETF Profile
holdings as of 2026-05-31
Holdings
2
AUM
$742.0M
Provider
Nport
Inception
2023-03-06
Exchange
XNAS
Data As Of
2026-05-31
Expense Ratio
0.15%
Dividend Yield
3.65%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-28 | 2026-09-29 | $0.1590 | CD |
| 2026-08-27 | 2026-08-28 | $0.1589 | CD |
| 2026-07-28 | 2026-07-29 | $0.1587 | CD |
| 2026-06-29 | 2026-06-30 | $0.1479 | CD |
| 2026-05-28 | 2026-05-29 | $0.1473 | CD |
| 2026-04-28 | 2026-04-29 | $0.1494 | CD |
Asset Allocation
Top Holdings
top 2 of 2 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TREASURY BILL | 100.01% | Debt | US |
| — | U.S. Bank Money Market Deposit Account | 0.00% | Short-term investment | US |
Non-Equity Breakdown
US Treasury 6 Month Bill ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$742M
· 2 total positions
· equity 0.00%
· non-equity 100.01%
Non-equity holdings
— 2 positions,
100.01% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 100.01% | $742.0M | 1 |
| Short-term investment | 0.00% | $18535 | 1 |
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 0.36% | 0.33% | -0.04% | 0.22% |
| Feb | -- | 0.31% | 0.34% | -0.02% | 0.21% |
| Mar | 0.50% | 0.36% | 0.30% | -0.02% | 0.28% |
| Apr | 0.26% | 0.38% | 0.34% | -0.01% | 0.24% |
| May | 0.24% | 0.43% | 0.28% | -0.04% | 0.23% |
| Jun | 0.45% | 0.39% | 0.31% | -0.04% | 0.28% |
| Jul | 0.37% | 0.46% | 0.29% | 0.06% | 0.29% |
| Aug | 0.49% | 0.47% | 0.35% | -0.04% | 0.32% |
| Sep | 0.39% | 0.44% | 0.34% | -0.09% | 0.27% |
| Oct | 0.44% | 0.27% | 0.32% | 0.24%* | 0.32% |
| Nov | 0.50% | 0.29% | 0.29% | -- | 0.36% |
| Dec | 0.00% | 0.06% | -0.26% | -- | -0.07% |
| Total | 3.70% | 4.30% | 3.28% | -0.00% | 2.82% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $50.04
SMA 50: $50.07
SMA 200: $50.09
Current: $50.12
EMA 12: $50.07
EMA 26: $50.06
MACD: 0.0118 | Signal: 0.0106
BULLISH
ADX (14): 15.99
RANGE
+DI: 41.49
−DI: 21.14
Momentum Oscillators
RSI (14): 66.09
NEUTRAL
Stoch %K: 100.00
Stoch %D: 96.93
Williams %R: 0.00
Volume & Volatility
BB Upper: $50.14
BB Lower: $49.95
NEUTRAL
OBV: 31,031,132
Vol SMA 20: 136,291
Vol ROC: 13.31%
ATR: $0.02
True Range: $0.02
HV 20: 1.3%
HV 30: 1.1%
HV 60: 1.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
Here is my comprehensive stock analysis report for XBIL:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Trend direction: Weak uptrend
- Momentum signals: Bearish MACD, Neutral RSI
- Support/resistance levels: Upper Bollinger Band at $50.20, Lower Bollinger Band at $49.99
- Risk and volatility assessment: Low risk, low volatility
Investment Thesis:
XBIL is a Treasury 6-Month Bill ETF with a neutral overall sentiment. The recent news headlines highlight the stability of this ETF, which may not be an exciting investment opportunity but provides a relatively safe haven in today's market. With a low risk profile and stable trend direction, XBIL might be suitable for conservative investors seeking a low-volatility option.
Recent News Sentiment Impact:
The neutral sentiment of recent news headlines does not have a significant impact on the analysis, as the ETF is primarily driven by technical indicators.
Technical Analysis
Trend Direction: Weak uptrend
Support/Resistance Levels:
- Upper Bollinger Band at $50.20
- Lower Bollinger Band at $49.99
Momentum Signals:
- MACD: Bearish (-0.01 / Signal: -0.00 / Histogram: -0.01)
- RSI (14): Neutral (48.02)
News & Sentiment Analysis
Recent Headlines Summary: All recent news headlines are neutral, focusing on the ETF's stability and safety features.
Sentiment Assessment: Neutral sentiment is dominant in recent news headlines.
Catalyst Identification: No significant catalysts or events to impact the analysis.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta: -0.00 vs SPY)
Volatility Regime: Current volatility level is low (stock volatility: 0.01).
Options Market Signals:
- IV Rank: Medium (41.5%)
- Put/Call Volume Ratio: Bullish sentiment (0.00)
- Market Expectation: Options market pricing $1.88 move by expiration
Market Context & Positioning
Sector Performance: Not applicable, as XBIL is a Treasury 6-Month Bill ETF.
Institutional Activity: No significant institutional activity to note.
Correlation Analysis: The stock moves negatively correlated with the market (correlation: -0.02).
Relative Valuation: Position within trading range.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band at $50.20
- Lower Bollinger Band at $49.99
Breakout/Breakdown Levels: None significant to note.
Time-Sensitive Catalysts: No significant catalysts or events to impact the analysis.
Risk Management: Stop-loss levels and position sizing considerations should focus on the upper and lower Bollinger Bands ($50.20 and $49.99, respectively).
This comprehensive stock analysis report provides a neutral overall assessment for XBIL, highlighting its stable trend direction, low risk profile, and relatively safe haven characteristics.
Generated
News
All XBIL news →
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XBIL Options Activity & IV Rank
XBIL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 5.9%
7-DTE IV: —
Expected Move: $0.50
7-DTE Move: $0.50
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0
ATM Options Pricing
ATM Call: $0.12
ATM Put: $0.38
Call %: 0.2%
Put %: 0.7%
Chain Summary
Chain Volume: 32
Chain OI: 54
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 5.5% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)14.0LowOct 22
Straddle Price (30 DTE)$0.50Oct 22
Beta Analysis
Risk Metrics
Beta: 0.0007
Alpha: -0.08%
Correlation: 0.0086
R-Squared: 0.0%
Stock Volatility: 1.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
XBIL Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
107.11K
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
33.2%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|