SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS – Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 220,867 shares, an increase of 514.1% from the June 30th total of 35,965 shares. Based on an average daily trading volume, of 307,815 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are sold short.
SPDR Bloomberg 3-12 Month T-Bill ETF Price Performance
Shares of NYSEARCA:BILS traded up $0.03 during midday trading on Friday, reaching $99.34. 214,203 shares of the company’s stock were exchanged, compared to its average volume of 423,939. The company’s 50 day simple moving average is $99.28 and its two-hundred day simple moving average is $99.30. SPDR Bloomberg 3-12 Month T-Bill ETF has a 12 month low of $99.08 and a 12 month high of $99.52.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. lifted its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 21.4% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,629 shares of the company’s stock worth $162,000 after purchasing an additional 287 shares during the period. Revisor Wealth Management LLC bought a new stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the 4th quarter valued at approximately $201,000. Horizon Wealth Management LLC bought a new stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the 1st quarter valued at approximately $215,000. Strategic Blueprint LLC acquired a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the 4th quarter worth approximately $216,000. Finally, Claro Advisors Inc. acquired a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the 4th quarter worth approximately $284,000.
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.
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