SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Shares Shorted: Short Interest Down 36.3% in October

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 8,312,713 shares, a drop of 36.3% from the September 30th total of 13,042,642 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,052,216 shares, the days-to-cover ratio is presently 0.8 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of BIL. Global Assets Advisory LLC raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 74.2% in the third quarter. Global Assets Advisory LLC now owns 37,179 shares of the company’s stock valued at $3,400,000 after buying an additional 15,832 shares during the last quarter. Baird Financial Group Inc. grew its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 18.4% during the 2nd quarter. Baird Financial Group Inc. now owns 727,796 shares of the company’s stock worth $66,695,000 after acquiring an additional 113,318 shares during the last quarter. Lunt Capital Management Inc. grew its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 12.3% during the 2nd quarter. Lunt Capital Management Inc. now owns 89,266 shares of the company’s stock worth $8,180,000 after acquiring an additional 9,780 shares during the last quarter. Momentum Wealth Planning LLC increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 146.1% in the 1st quarter. Momentum Wealth Planning LLC now owns 34,249 shares of the company’s stock valued at $3,139,000 after acquiring an additional 20,330 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the 1st quarter valued at about $794,000.

SPDR Bloomberg 1-3 Month T-Bill ETF Trading Down 0.3%

Shares of SPDR Bloomberg 1-3 Month T-Bill ETF stock traded down $0.29 during midday trading on Monday, hitting $91.41. 3,061,385 shares of the company traded hands, compared to its average volume of 10,449,740. The firm’s fifty day moving average price is $91.55 and its 200-day moving average price is $91.53. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12 month low of $91.26 and a 12 month high of $91.73.

About SPDR Bloomberg 1-3 Month T-Bill ETF

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.