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) was the target of a significant increase in short interest in the month of 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. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 322,258 shares, the short-interest ratio is currently 0.4 days.

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

Several large investors have recently modified their holdings of BILS. Kovitz Investment Group Partners LLC increased its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 197.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 513,072 shares of the company’s stock worth $51,061,000 after purchasing an additional 340,349 shares in the last quarter. Focus Partners Wealth increased its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 1,344.1% in the fourth quarter. Focus Partners Wealth now owns 312,640 shares of the company’s stock worth $31,020,000 after purchasing an additional 290,991 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 32.2% in the second quarter. Ameriprise Financial Inc. now owns 1,133,420 shares of the company’s stock worth $112,749,000 after purchasing an additional 276,283 shares in the last quarter. SoundView Advisors Inc. purchased a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the fourth quarter worth about $27,398,000. Finally, Kera Capital Partners Inc. increased 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 purchasing an additional 167,113 shares in the last quarter.

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

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