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

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 60,795 shares, a drop of 52.7% from the April 30th total of 128,635 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 391,201 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On SPDR Bloomberg 3-12 Month T-Bill ETF

Institutional investors have recently made changes to their positions in the company. ST Germain D J Co. Inc. raised its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 21.4% during the 4th 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 last quarter. Revisor Wealth Management LLC acquired a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF in the 4th quarter worth about $201,000. Horizon Wealth Management LLC purchased a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the 1st quarter worth approximately $215,000. Strategic Blueprint LLC purchased a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during 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 during the fourth quarter valued at approximately $284,000.

SPDR Bloomberg 3-12 Month T-Bill ETF Stock Up 0.0%

BILS stock traded up $0.01 during trading on Tuesday, hitting $99.15. 337,886 shares of the company traded hands, compared to its average volume of 460,739. 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 simple moving average is $99.31 and its 200 day simple moving average is $99.31.

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.