SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Shares Shorted: Short Interest Up 47.9% in September

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 305,343 shares, a growth of 47.9% from the August 31st total of 206,423 shares. Based on an average daily volume of 350,448 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s shares are short sold.

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

Shares of SPDR Bloomberg 3-12 Month T-Bill ETF stock traded down $0.28 during trading on Thursday, reaching $99.06. 644,695 shares of the stock were exchanged, compared to its average volume of 397,161. SPDR Bloomberg 3-12 Month T-Bill ETF has a 1 year low of $99.04 and a 1 year high of $99.52. The stock’s fifty day moving average is $99.27 and its 200 day moving average is $99.28.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BILS. Horizon Wealth Management LLC purchased a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the 1st quarter valued at $215,000. GAMMA Investing LLC grew its holdings in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 116.0% in the second quarter. GAMMA Investing LLC now owns 3,114 shares of the company’s stock worth $309,000 after acquiring an additional 1,672 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the fourth quarter worth $311,000. Cornerstone Planning LLC purchased a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the fourth quarter valued at $322,000. Finally, Arkadios Wealth Advisors bought a new position in SPDR Bloomberg 3-12 Month T-Bill ETF in the first quarter valued at about $337,000.

SPDR Bloomberg 3-12 Month T-Bill ETF Company Profile

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.