SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sees Large Drop in Short Interest

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 36,540 shares, a drop of 47.4% from the May 31st total of 69,498 shares. Based on an average trading volume of 335,686 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of SPDR Bloomberg 3-12 Month T-Bill ETF

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 2.2% in the 3rd quarter. Bank of America Corp DE now owns 1,429,213 shares of the company’s stock valued at $142,235,000 after buying an additional 30,265 shares during the last quarter. Ameriprise Financial Inc. lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 32.2% in the second quarter. Ameriprise Financial Inc. now owns 1,133,420 shares of the company’s stock valued at $112,749,000 after acquiring an additional 276,283 shares during the last quarter. Wells Fargo & Company MN boosted its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 639,059 shares of the company’s stock valued at $63,407,000 after acquiring an additional 20,181 shares in the last quarter. Osaic Holdings Inc. boosted its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 14.2% in the fourth quarter. Osaic Holdings Inc. now owns 609,454 shares of the company’s stock valued at $60,473,000 after acquiring an additional 75,980 shares in the last quarter. Finally, Sargent Investment Group LLC grew its holdings in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 6.6% during the fourth quarter. Sargent Investment Group LLC now owns 557,760 shares of the company’s stock worth $55,341,000 after purchasing an additional 34,624 shares during the last quarter.

SPDR Bloomberg 3-12 Month T-Bill ETF Price Performance

BILS stock traded down $0.27 during trading on Wednesday, hitting $99.11. 528,987 shares of the company’s stock were exchanged, compared to its average volume of 440,152. The business has a 50-day moving average price of $99.30 and a two-hundred day moving average price of $99.30. SPDR Bloomberg 3-12 Month T-Bill ETF has a 52-week low of $99.08 and a 52-week high of $99.52.

About SPDR Bloomberg 3-12 Month T-Bill ETF

The SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of US Treasury bills with maturities between 3-12 months. BILS was launched on Sep 23, 2020 and is managed by State Street.