Short Interest in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Increases By 1,805.7%

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 128,635 shares, an increase of 1,805.7% from the April 15th total of 6,750 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 322,258 shares, the short-interest ratio is currently 0.4 days.

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

Several hedge funds have recently bought and sold shares of BILS. Kovitz Investment Group Partners LLC lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 197.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 513,072 shares of the company’s stock valued at $51,061,000 after purchasing an additional 340,349 shares during the last quarter. Focus Partners Wealth lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 1,344.1% during the fourth 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. lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 32.2% during the second quarter. Ameriprise Financial Inc. now owns 1,133,420 shares of the company’s stock valued at $112,749,000 after purchasing an additional 276,283 shares during the last quarter. SoundView Advisors Inc. bought a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the fourth quarter valued at approximately $27,398,000. Finally, Kera Capital Partners Inc. lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 170.0% during the first quarter. Kera Capital Partners Inc. now owns 265,419 shares of the company’s stock valued at $26,393,000 after purchasing an additional 167,113 shares during the last quarter.

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

NYSEARCA:BILS remained flat at $99.24 during mid-day trading on Monday. 357,815 shares of the company traded hands, compared to its average volume of 479,419. The firm’s 50-day moving average is $99.29 and its 200-day moving average is $99.31. SPDR Bloomberg 3-12 Month T-Bill ETF has a 12 month low of $99.08 and a 12 month high of $99.52.

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.