Stock Traders Buy Large Volume of Call Options on SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL)

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 3,123 call options on the company. This represents an increase of 713% compared to the typical daily volume of 384 call options.

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

Shares of BIL opened at $91.50 on Thursday. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1 year low of $91.26 and a 1 year high of $91.73. The company’s fifty day moving average is $91.53 and its two-hundred day moving average is $91.53.

Institutional Trading of SPDR Bloomberg 1-3 Month T-Bill ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Latitude Advisors LLC purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the third quarter worth about $31,000. Compass Financial Management LLC acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at about $34,000. XP Advisory US Inc. purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $41,000. City State Bank boosted its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 323.4% in the 3rd quarter. City State Bank now owns 453 shares of the company’s stock valued at $42,000 after purchasing an additional 346 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $44,000.

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.