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

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,940,422 shares, a decrease of 53.7% from the December 15th total of 4,194,833 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 8,234,610 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 8,234,610 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s shares are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 18.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,075 shares of the company’s stock worth $374,000 after acquiring an additional 633 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 188.5% during the second quarter. Parallel Advisors LLC now owns 12,122 shares of the company’s stock worth $1,112,000 after purchasing an additional 7,920 shares during the period. Webster Bank N. A. boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 7.4% during the second quarter. Webster Bank N. A. now owns 6,487 shares of the company’s stock worth $595,000 after purchasing an additional 446 shares during the period. Lpwm LLC grew its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 37.7% in the second quarter. Lpwm LLC now owns 20,123 shares of the company’s stock worth $1,846,000 after purchasing an additional 5,513 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 24.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 10,906 shares of the company’s stock valued at $1,000,000 after purchasing an additional 2,148 shares during the period.

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

SPDR Bloomberg 1-3 Month T-Bill ETF stock traded up $0.01 during trading hours on Wednesday, reaching $91.50. The company had a trading volume of 7,988,839 shares, compared to its average volume of 8,337,729. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12-month low of $91.26 and a 12-month high of $91.78. The company has a 50-day moving average price of $91.50 and a 200 day moving average price of $91.57.

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.