SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Sees Significant Growth in Short Interest

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 9,511,213 shares, a growth of 20.3% from the March 15th total of 7,904,960 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,289,824 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On SPDR Bloomberg 1-3 Month T-Bill ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the third quarter worth about $25,000. Atlantic Union Bankshares Corp increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 77.8% during the third quarter. Atlantic Union Bankshares Corp now owns 272 shares of the company’s stock worth $25,000 after purchasing an additional 119 shares during the last quarter. City Holding Co. increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 675.0% during the third quarter. City Holding Co. now owns 310 shares of the company’s stock worth $28,000 after purchasing an additional 270 shares during the last quarter. Westwind Capital acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the fourth quarter worth about $28,000. Finally, GPS Wealth Strategies Group LLC increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 46.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 396 shares of the company’s stock worth $36,000 after purchasing an additional 126 shares during the last quarter.

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

Shares of NYSEARCA BIL traded up $0.03 during mid-day trading on Friday, reaching $91.55. The company’s stock had a trading volume of 7,442,177 shares, compared to its average volume of 11,024,672. The stock has a 50-day moving average of $91.51 and a two-hundred day moving average of $91.53. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1-year low of $91.26 and a 1-year high of $91.78.

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.