SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Stock Sees Unusually High Call Option Buying

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) was the target of unusually large options trading activity on Wednesday. Stock traders bought 3,123 call options on the company. This is an increase of 713% compared to the typical daily volume of 384 call options.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BIL. Latitude Advisors LLC acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the third quarter valued at about $31,000. Compass Financial Management LLC acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at $34,000. XP Advisory US Inc. bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF during the second quarter worth about $41,000. City State Bank lifted its position 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 worth $42,000 after purchasing an additional 346 shares during the period. Finally, Trust Co. of Vermont bought a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the second quarter valued at $44,000.

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

Shares of NYSEARCA BIL traded up $0.01 during midday trading on Wednesday, reaching $91.50. The company’s stock had a trading volume of 3,306,242 shares, compared to its average volume of 10,559,729. The business’s 50 day moving average price is $91.52 and its two-hundred day moving average price is $91.53. 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.

SPDR Bloomberg 1-3 Month T-Bill ETF Company Profile

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.