SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Short Interest Update

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 220,867 shares, a growth of 514.1% from the June 30th total of 35,965 shares. Based on an average trading volume of 307,815 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s shares are sold short.

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

Shares of NYSEARCA:BILS opened at $99.35 on Monday. SPDR Bloomberg 3-12 Month T-Bill ETF has a 1 year low of $99.08 and a 1 year high of $99.52. The stock’s 50-day moving average is $99.28 and its 200 day moving average is $99.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BILS. Focus Partners Wealth boosted its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 1,344.1% during the 4th quarter. Focus Partners Wealth now owns 312,640 shares of the company’s stock valued at $31,020,000 after purchasing an additional 290,991 shares during the last quarter. Ameriprise Financial Inc. increased 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 worth $112,749,000 after buying an additional 276,283 shares in the last quarter. SoundView Advisors Inc. purchased a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF in the fourth quarter worth about $27,398,000. NewEdge Advisors LLC increased its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 237.3% in the first quarter. NewEdge Advisors LLC now owns 311,758 shares of the company’s stock worth $31,001,000 after buying an additional 219,333 shares in the last quarter. Finally, Kera Capital Partners Inc. raised its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 170.0% in the first quarter. Kera Capital Partners Inc. now owns 265,419 shares of the company’s stock worth $26,393,000 after buying an additional 167,113 shares during the period.

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

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.