SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sees Significant Drop in Short Interest

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 133,523 shares, a drop of 39.5% from the July 15th total of 220,867 shares. Based on an average daily volume of 323,868 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

SPDR Bloomberg 3-12 Month T-Bill ETF Stock Up 0.0%

Shares of NYSEARCA BILS opened at $99.32 on Wednesday. SPDR Bloomberg 3-12 Month T-Bill ETF has a 52 week low of $99.08 and a 52 week high of $99.52. The firm’s fifty day moving average is $99.27 and its 200 day moving average is $99.29.

Institutional Investors Weigh In On SPDR Bloomberg 3-12 Month T-Bill ETF

Large investors have recently added to or reduced their stakes in the company. Kera Capital Partners Inc. boosted its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 170.0% during the 1st quarter. Kera Capital Partners Inc. now owns 265,419 shares of the company’s stock valued at $26,393,000 after purchasing an additional 167,113 shares in the last quarter. UBS Group AG raised its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 1.7% in the fourth quarter. UBS Group AG now owns 435,532 shares of the company’s stock worth $43,213,000 after buying an additional 7,150 shares in the last quarter. Total Clarity Wealth Management Inc. raised its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 49.9% in the first quarter. Total Clarity Wealth Management Inc. now owns 96,743 shares of the company’s stock worth $9,620,000 after buying an additional 32,214 shares in the last quarter. HighTower Advisors LLC raised its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 7.9% in the fourth quarter. HighTower Advisors LLC now owns 177,266 shares of the company’s stock worth $17,588,000 after buying an additional 12,928 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 4.4% in the fourth quarter. Truist Financial Corp now owns 271,019 shares of the company’s stock worth $26,890,000 after buying an additional 11,531 shares during the period.

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.