US Treasury 6 Month Bill ETF (XBIL) News Today

Whenever traders move their money in a big way, it often pays to follow their tracks and reverse engineer what happened that caused them to shift in or out of that space. Today, the tools at MarketBeat have caught a major shift in sentiment and capital out of an ETF (exchange-traded fund) that also happens to represent a key economic indicator.

Bears have ditched their short positions on this ETF, admitting that they too see a bull case for the economy, and these are the stocks to get paid first

US Treasury 6 Month Bill ETF (NASDAQ:XBIL - Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 94,200 shares, a drop of 34.3% from the June 30th total of 143,400 shares. Based on an average trading volume of 80,900 shares, the days-to-cover ratio is presently 1.2 days.