Short Interest in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Rises By 109.0%

by · The Markets Daily

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL – Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,055,219 shares, an increase of 109.0% from the December 31st total of 1,940,422 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 8,399,569 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 8,399,569 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.9% of the company’s shares are sold short.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 14.6% during the second quarter. Bank of America Corp DE now owns 17,775,986 shares of the company’s stock worth $1,630,591,000 after purchasing an additional 2,270,073 shares in the last quarter. UBS Group AG raised its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 3.4% during the fourth quarter. UBS Group AG now owns 8,197,313 shares of the company’s stock worth $749,070,000 after purchasing an additional 268,076 shares in the last quarter. Captrust Financial Advisors raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 75.6% in the second quarter. Captrust Financial Advisors now owns 5,777,775 shares of the company’s stock worth $529,995,000 after acquiring an additional 2,487,366 shares in the last quarter. Capital Wealth Planning LLC increased its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 10.9% in the third quarter. Capital Wealth Planning LLC now owns 4,594,158 shares of the company’s stock valued at $421,514,000 after buying an additional 452,437 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 103.5% in the 3rd quarter. AQR Capital Management LLC now owns 4,497,115 shares of the company’s stock valued at $412,610,000 after purchasing an additional 2,287,314 shares in the last quarter.

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

BIL traded up $0.02 on Friday, hitting $91.65. The company had a trading volume of 14,509,630 shares, compared to its average volume of 8,710,086. The company’s fifty day moving average price is $91.50 and its 200 day moving average price is $91.58. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1 year low of $91.26 and a 1 year high of $91.78.

About SPDR Bloomberg 1-3 Month T-Bill ETF

(Get Free Report)

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.

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