SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Short Interest Down 53.7% in December

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,940,422 shares, a decrease of 53.7% from the December 15th total of 4,194,833 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,234,610 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 8,234,610 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

SPDR Bloomberg 1-3 Month T-Bill ETF Stock Performance

Shares of BIL remained flat at $91.50 during mid-day trading on Thursday. 8,905,506 shares of the company were exchanged, compared to its average volume of 8,395,951. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12-month low of $91.26 and a 12-month high of $91.78. The company has a 50-day moving average of $91.51 and a two-hundred day moving average of $91.57.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BIL. Thurston Springer Miller Herd & Titak Inc. lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 18.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,075 shares of the company’s stock worth $374,000 after acquiring an additional 633 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 188.5% in the 2nd quarter. Parallel Advisors LLC now owns 12,122 shares of the company’s stock valued at $1,112,000 after buying an additional 7,920 shares in the last quarter. Webster Bank N. A. grew its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 7.4% during the second quarter. Webster Bank N. A. now owns 6,487 shares of the company’s stock worth $595,000 after purchasing an additional 446 shares during the last quarter. Lpwm LLC grew its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 37.7% during the 2nd quarter. Lpwm LLC now owns 20,123 shares of the company’s stock worth $1,846,000 after buying an additional 5,513 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 24.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 10,906 shares of the company’s stock valued at $1,000,000 after acquiring an additional 2,148 shares during the period.

About SPDR Bloomberg 1-3 Month T-Bill ETF

The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills with a maturity of at least 1 month, but less than 3 months. BIL was launched on May 25, 2007 and is managed by State Street.