Short Interest in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Rises By 1,805.7%

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) was the recipient of a large increase in short interest during 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. Based on an average daily volume of 322,258 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

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

NYSEARCA BILS traded up $0.01 on Wednesday, hitting $99.25. The stock had a trading volume of 350,788 shares, compared to its average volume of 475,633. SPDR Bloomberg 3-12 Month T-Bill ETF has a one year low of $99.08 and a one year high of $99.52. The company’s 50-day moving average is $99.29 and its two-hundred day moving average is $99.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BILS. Kovitz Investment Group Partners LLC boosted its holdings 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 valued at $51,061,000 after acquiring an additional 340,349 shares in the last quarter. Focus Partners Wealth boosted its holdings 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 valued at $31,020,000 after acquiring an additional 290,991 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings 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 valued at $112,749,000 after acquiring an additional 276,283 shares in the last quarter. SoundView Advisors Inc. bought a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the fourth quarter valued at approximately $27,398,000. Finally, Kera Capital Partners Inc. boosted its holdings 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 valued at $26,393,000 after acquiring an additional 167,113 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.