Short Interest in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Drops By 47.4%

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 36,540 shares, a decrease of 47.4% from the May 31st total of 69,498 shares. Based on an average daily volume of 335,686 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

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

BILS stock traded up $0.05 during midday trading on Thursday, hitting $99.16. The stock had a trading volume of 311,482 shares, compared to its average volume of 439,122. 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 business has a fifty day moving average price of $99.30 and a two-hundred day moving average price of $99.30.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Parsons Capital Management Inc. RI boosted its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 1.0% during the 4th quarter. Parsons Capital Management Inc. RI now owns 14,744 shares of the company’s stock worth $1,463,000 after purchasing an additional 139 shares in the last quarter. DGS Capital Management LLC grew its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 1.4% during the 1st quarter. DGS Capital Management LLC now owns 10,121 shares of the company’s stock valued at $1,006,000 after acquiring an additional 139 shares during the period. Laurel Oak Wealth Management LLC increased its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 3.3% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 5,356 shares of the company’s stock worth $533,000 after acquiring an additional 171 shares during the last quarter. Blue Trust Inc. raised its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 1.0% during the 4th quarter. Blue Trust Inc. now owns 19,188 shares of the company’s stock valued at $1,904,000 after acquiring an additional 188 shares during the period. Finally, Vertex Planning Partners LLC grew its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 2.2% during the 4th quarter. Vertex Planning Partners LLC now owns 8,947 shares of the company’s stock valued at $888,000 after buying an additional 196 shares in the last quarter.

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.