SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Shares Shorted: Short Interest Down 36.3% in October

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 8,312,713 shares, a decrease of 36.3% from the September 30th total of 13,042,642 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 10,052,216 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On SPDR Bloomberg 1-3 Month T-Bill ETF

Several institutional investors have recently added to or reduced their stakes in BIL. Wealthcare Capital Management LLC boosted its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 1.6% during the second quarter. Wealthcare Capital Management LLC now owns 6,989 shares of the company’s stock valued at $640,000 after purchasing an additional 112 shares during the last quarter. Welch Group LLC lifted its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 1.0% during the 3rd quarter. Welch Group LLC now owns 11,993 shares of the company’s stock valued at $1,099,000 after purchasing an additional 116 shares during the last quarter. Summa Corp. raised its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 1.9% in the third quarter. Summa Corp. now owns 7,236 shares of the company’s stock valued at $663,000 after purchasing an additional 136 shares during the period. Summit Financial Strategies Inc. grew its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 3.6% in the 1st quarter. Summit Financial Strategies Inc. now owns 4,015 shares of the company’s stock valued at $368,000 after buying an additional 141 shares during the last quarter. Finally, DORVAL Corp grew its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 1.0% in the third quarter. DORVAL Corp now owns 15,606 shares of the company’s stock valued at $1,430,000 after purchasing an additional 148 shares during the last quarter.

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

Shares of NYSEARCA:BIL traded down $0.29 during mid-day trading on Monday, reaching $91.41. The stock had a trading volume of 3,061,385 shares, compared to its average volume of 10,449,740. The firm has a 50 day simple moving average of $91.55 and a two-hundred day simple moving average of $91.53. SPDR Bloomberg 1-3 Month T-Bill ETF has a twelve month low of $91.26 and a twelve month high of $91.73.

SPDR Bloomberg 1-3 Month T-Bill ETF Company Profile

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.