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 decrease in short interest during the month of October. As of October 15th, there was short interest totaling 8,312,713 shares, a decrease of 36.3% from the September 30th total of 13,042,642 shares. Based on an average trading volume of 10,052,216 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.5% of the company’s stock are sold short.

SPDR Bloomberg 1-3 Month T-Bill ETF Trading Up 0.0%

SPDR Bloomberg 1-3 Month T-Bill ETF stock traded up $0.01 during mid-day trading on Tuesday, hitting $91.42. 4,949,593 shares of the company’s stock traded hands, compared to its average volume of 10,494,395. SPDR Bloomberg 1-3 Month T-Bill ETF has a fifty-two week low of $91.26 and a fifty-two week high of $91.73. The firm has a 50 day simple moving average of $91.55 and a two-hundred day simple moving average of $91.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BIL. Latitude Advisors LLC bought a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the 3rd quarter worth $31,000. Compass Financial Management LLC bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter worth approximately $34,000. XP Advisory US Inc. purchased a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF during the 2nd quarter valued at about $41,000. City State Bank lifted its stake in shares of 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 acquiring an additional 346 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the 2nd quarter valued at $44,000.

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.