Short Interest in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Expands By 79.6%

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILSGet Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 206,423 shares, an increase of 79.6% from the August 15th total of 114,930 shares. Based on an average daily volume of 293,179 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are short sold.

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

Shares of NYSEARCA BILS traded down $0.01 during midday trading on Wednesday, hitting $99.19. 425,970 shares of the company’s stock traded hands, compared to its average volume of 399,613. The firm has a fifty day moving average of $99.27 and a 200 day moving average of $99.28. SPDR Bloomberg 3-12 Month T-Bill ETF has a 1 year low of $99.08 and a 1 year high of $99.52.

Institutional Investors Weigh In On SPDR Bloomberg 3-12 Month T-Bill ETF

A number of hedge funds have recently modified their holdings of the business. Sargent Investment Group LLC raised its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 6.6% in the fourth quarter. Sargent Investment Group LLC now owns 557,760 shares of the company’s stock worth $55,341,000 after buying an additional 34,624 shares during the period. One Day In July LLC increased its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 1.2% in the 1st quarter. One Day In July LLC now owns 328,210 shares of the company’s stock worth $32,637,000 after acquiring an additional 3,984 shares in the last quarter. NewEdge Advisors LLC increased its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 237.3% in the 1st quarter. NewEdge Advisors LLC now owns 311,758 shares of the company’s stock worth $31,001,000 after acquiring an additional 219,333 shares in the last quarter. SoundView Advisors Inc. bought a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the 4th quarter worth approximately $27,398,000. Finally, Kera Capital Partners Inc. raised its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 170.0% during the 1st quarter. Kera Capital Partners Inc. now owns 265,419 shares of the company’s stock worth $26,393,000 after acquiring an additional 167,113 shares during the period.

SPDR Bloomberg 3-12 Month T-Bill ETF Company Profile

(Get Free Report)

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.

Further Reading

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