SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sees Large Increase in Short Interest

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) was the target of a large increase in short interest in 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 presently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

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

Hedge funds have recently added to or reduced their stakes in the business. Kera Capital Partners Inc. lifted 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 acquiring an additional 167,113 shares during the period. Total Clarity Wealth Management Inc. increased its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 49.9% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 96,743 shares of the company’s stock valued at $9,620,000 after purchasing an additional 32,214 shares during the period. HighTower Advisors LLC raised its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 7.9% during the 4th quarter. HighTower Advisors LLC now owns 177,266 shares of the company’s stock worth $17,588,000 after purchasing an additional 12,928 shares during the last quarter. Horizon Family Wealth Inc. raised its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 17.5% during the 4th quarter. Horizon Family Wealth Inc. now owns 145,926 shares of the company’s stock worth $14,479,000 after purchasing an additional 21,776 shares during the last quarter. Finally, Calton & Associates Inc. lifted its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 9.7% in the 4th quarter. Calton & Associates Inc. now owns 90,461 shares of the company’s stock worth $8,976,000 after purchasing an additional 8,001 shares during the period.

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

SPDR Bloomberg 3-12 Month T-Bill ETF stock traded up $0.01 during trading hours on Thursday, hitting $99.20. The stock had a trading volume of 161,256 shares, compared to its average volume of 398,225. The business’s 50 day simple moving average is $99.27 and its 200-day simple moving average is $99.28. SPDR Bloomberg 3-12 Month T-Bill ETF has a one year low of $99.08 and a one year 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.